Unit Labor Costs for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
Index 2017=100
IPUGN4239U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.71
Year-over-Year Change
46.04%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 is a measure of industrial production, tracking changes in the volume of output across the U.S. manufacturing, mining, and utility sectors. This key economic indicator is closely watched by policymakers and analysts to assess overall economic activity and trends.
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 monthly index that measures the total industrial output of the United States, including manufacturing, mining, and utilities. It is a broad-based indicator of economic health, providing insight into the production-side performance of the economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The Index 2017=100 is used by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- The index covers a broad range of industries, including manufacturing, mining, and utilities.
- Changes in the index are closely watched as an indicator of overall economic health.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial output in the United States, including manufacturing, mining, and utilities production.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of overall economic activity and performance, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the Federal Reserve, with a typical release lag of around two weeks.
Related Trends
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L201000000
Employment for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238W201000000
Labor Compensation for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L021000000
Labor Productivity for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210L000000000
Sectoral Output Price Deflator for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T051000000
Hourly Compensation for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246U121000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4239U100000000), retrieved from FRED.