Labor Productivity for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
Index 2017=100
IPUGN4237L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.80
Year-over-Year Change
3.62%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the seasonally adjusted industrial production of U.S. mining, manufacturing, and utilities, with 2017 as the base year. This important economic indicator provides insight into the health and output of the industrial sector.
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 Federal Reserve statistical release that tracks changes in the volume of production across the industrial sectors of the U.S. economy. It is a widely followed indicator used by policymakers, analysts, and economists to assess the overall state of industrial activity.
Methodology
The index is calculated from monthly surveys of industrial facilities and utilities.
Historical Context
The Index 2017=100 is a key input for economic analysis and forecasting, as well as for informing monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2017, set to 100.
- Mining, manufacturing, and utilities are the three major industry groups included.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the seasonally adjusted volume of production across the industrial sectors of the U.S. economy, including mining, manufacturing, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a widely followed indicator that provides insight into the health and output of the industrial sector, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The index is calculated from monthly surveys of industrial facilities and utilities conducted by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is a key input for economic analysis and forecasting, as well as for informing monetary and fiscal policy decisions by policymakers.
Q: Are there update delays or limitations?
A: The Index 2017=100 is released monthly by the Federal Reserve, with a short delay to allow for data collection and compilation.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4237L000000000), retrieved from FRED.