Employment for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
Index 2017=100
IPUGN4237W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.44
Year-over-Year Change
33.60%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of U.S. mining, utilities, and manufacturing industries. This key economic indicator provides insight into the overall 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 tracks changes in the volume of industrial production over time, using 2017 as the base year. The index can signal turning points in the business cycle and help assess the strength of the manufacturing, mining, and utilities industries.
Methodology
The data is collected through surveys of industrial facilities and calculated based on monthly output, shipments, and inventories.
Historical Context
The Index 2017=100 is closely watched by policymakers, analysts, and investors to gauge the trajectory of the U.S. economy.
Key Facts
- The index has a base year of 2017, with a value of 100.
- Industrial production fell sharply during the 2020 recession but has since rebounded.
- The index tracks output from mining, utilities, and all manufacturing industries.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production of U.S. mining, utilities, and manufacturing industries, providing an overview of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and output of the industrial sector, which is crucial for assessing the broader state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated based on monthly output, shipments, and inventories.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely watched by policymakers, analysts, and investors to gauge the trajectory of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with a typical release lag of around two weeks.
Related Trends
Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242T300000000
Labor Compensation for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232L021000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W001000000
Real Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242T010000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L001000000
Unit Labor Costs for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U100000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4237W010000000), retrieved from FRED.