Unit Labor Costs for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
Index 2017=100
IPUGN4233U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.93
Year-over-Year Change
89.11%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of nondurable consumer goods, a key economic indicator for consumer demand and broader economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Index 2017=100 tracks the volume of output for nondurable consumer goods, such as food, clothing, and household supplies. This index is a valuable tool for economists and policymakers to assess the health of the consumer sector and broader economic trends.
Methodology
The Federal Reserve collects data from manufacturing firms to calculate this seasonally adjusted index.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The index base year is 2017.
- Nondurable goods account for over half of total consumer spending.
- The index reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production volume of nondurable consumer goods, such as food, clothing, and household supplies.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into consumer demand and broader economic activity, making it a key indicator monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data from manufacturing firms and calculates this seasonally adjusted index.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely tracked by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of around two weeks.
Related Trends
Labor Productivity for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243L001000000
Real Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T011000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W001000000
Labor Productivity for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241L001000000
Real Sectoral Output for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239T011000000
Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T301000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4233U100000000), retrieved from FRED.