Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
Index 2017=100
IPUGN4238W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.45
Year-over-Year Change
14.84%
Date Range
1/1/1987 - 1/1/2024
Summary
The Industrial Production: Total Index 2017=100 measures the overall output of U.S. industrial production on a monthly basis. This metric is a key barometer of economic activity and is closely monitored by policymakers and economists.
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 Industrial Production Index tracks the real output of manufacturing, mining, and electric and gas utilities in the United States. It is a comprehensive measure of the health and performance of the industrial sector, which is a major component of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The Industrial Production Index is a leading economic indicator used to assess current and future economic conditions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Durable goods account for about 50% of total industrial production.
- The index has shown steady recovery since the COVID-19 pandemic lows.
FAQs
Q: What does this economic trend measure?
A: The Industrial Production Index measures the real output of the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Industrial Production Index is a key indicator of economic health and activity, providing insight into the performance and utilization of the industrial sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of industrial facilities and calculated using a comprehensive methodology.
Q: How is this trend used in economic policy?
A: The Industrial Production Index is closely monitored by policymakers and economists as a leading indicator of broader economic conditions, helping to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index is released monthly by the Federal Reserve, with a typical lag of around one month from the reference period.
Related Trends
Unit Labor Costs for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U100000000
Employment for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236W010000000
Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T300000000
Output per Worker for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W001000000
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L010000000
Labor Compensation for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239L020000000
Citation
U.S. Federal Reserve, Industrial Production: Total Index 2017=100 (IPUGN4238W010000000), retrieved from FRED.