Hourly Compensation for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
Index 2017=100
IPUGN4236U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.77
Year-over-Year Change
46.17%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures manufacturing output in the United States, which is a key indicator of economic activity and productivity.
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 time series that tracks the volume of goods produced by U.S. manufacturers, with 2017 as the base year. It is used by economists and policymakers to assess the health and trends of the industrial sector.
Methodology
The index is calculated by the Federal Reserve based on monthly surveys of manufacturing facilities.
Historical Context
The index provides important insight into overall economic conditions and can inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2017 = 100.
- Manufacturing accounts for about 11% of U.S. GDP.
- The index reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of goods produced by U.S. manufacturing facilities, a key indicator of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing index provides valuable insight into the health and performance of the industrial sector, which is a significant driver of overall economic growth.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on monthly surveys of manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the manufacturing index to assess current economic conditions and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve with a typical lag of around one month.
Related Trends
Real Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T010000000
Real Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T010000000
Hourly Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210U120000000
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T051000000
Unit Labor Costs for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231U100000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421W001000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4236U120000000), retrieved from FRED.