Unit Labor Costs for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
Index 2017=100
IPUGN4238U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.42
Year-over-Year Change
51.68%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly change in overall industrial production in the United States. This metric is a key indicator of the 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 tracks the total volume of output from U.S. manufacturers, mines, and utilities. It is a broad measure of industrial activity and a critical input for economic analysis and policymaking.
Methodology
The Federal Reserve calculates this index based on data collected from surveys of industrial facilities.
Historical Context
The Index 2017=100 is widely referenced by economists, investors, and policymakers to assess current economic conditions and forecast future trends.
Key Facts
- The index has a base year of 2017 where the value is set to 100.
- Industrial production accounts for around 20% of total U.S. economic output.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly change in the total volume of output from U.S. manufacturing, mining, and utility companies.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and direction of the U.S. economy, providing insight into industrial activity and overall economic conditions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on survey data collected directly from industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers, economists, and investors to assess current economic conditions and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis with a typical lag of around 15 days from the end of the reference month.
Related Trends
Labor Compensation for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42L020000000
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242T050000000
Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T301000000
Unit Labor Costs for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247U101000000
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L010000000
Employment for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233W200000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4238U100000000), retrieved from FRED.