Labor Compensation for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
Index 2017=100
IPUGN4236U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.52
Year-over-Year Change
58.31%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total industrial production of manufacturing, mining, and electric and gas utilities in the United States. This comprehensive metric is closely tracked by economists and policymakers to assess the overall health and direction of the U.S. economy.
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 is a monthly indicator of real output produced by the industrial sectors of the U.S. economy. It provides a broad measure of the volume of production, including manufacturing, mining, and utilities. The index is a key economic indicator used to analyze trends in industrial activity and support policy decisions.
Methodology
The Federal Reserve compiles this index based on survey data from industrial establishments.
Historical Context
The Index 2017=100 is a leading indicator closely watched by the Federal Reserve, government, and financial markets to monitor the strength and trajectory of the U.S. industrial economy.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Industrial production accounts for around 16% of U.S. GDP.
- The index reached a record high of 110.5 in December 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of real output produced by the manufacturing, mining, and utilities sectors of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This comprehensive index is a key indicator of the overall health and direction of the U.S. industrial economy, which is closely watched by policymakers, businesses, and financial markets.
Q: How is this data collected or calculated?
A: The Federal Reserve compiles this index based on survey data from industrial establishments across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is a leading indicator that informs Federal Reserve monetary policy decisions and is closely monitored by government and financial institutions to assess the state of the U.S. industrial economy.
Q: Are there update delays or limitations?
A: The Index 2017=100 is released monthly by the Federal Reserve with a short lag, providing timely insight into the current state of U.S. industrial production.
Related Trends
Real Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421T010000000
Labor Compensation for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U110000000
Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L021000000
Labor Productivity for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L000000000
Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U121000000
Employment for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234W200000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4236U110000000), retrieved from FRED.