Labor Productivity for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
Index 2017=100
IPUGN423L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.04
Year-over-Year Change
12.56%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 tracks changes in the level of manufacturing production in the United States. This index is a key indicator of the health and direction of the U.S. 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 seasonally adjusted index that measures the volume of production from U.S. manufacturing facilities. It is a widely followed gauge of the overall state of the nation's industrial production and can signal shifts in economic growth.
Methodology
The data is collected through surveys of manufacturing establishments across the country.
Historical Context
The Index 2017=100 is closely monitored by policymakers, analysts, and businesses to assess the broader economic climate.
Key Facts
- The index base year is 2017.
- It covers a wide range of manufacturing industries.
- Declines in the index can signal an economic slowdown.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the volume of production from U.S. manufacturing facilities, providing a gauge of the overall state of the nation's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The index is a closely watched indicator that provides insight into the health and direction of the U.S. industrial economy, which is a crucial driver of broader economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is monitored by policymakers, analysts, and businesses to assess the broader economic climate and inform decision-making.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of a few weeks from the end of the reference period.
Related Trends
Employment for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W200000000
Hourly Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249U120000000
Output per Worker for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237W001000000
Sectoral Output for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T301000000
Sectoral Output Price Deflator for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231T051000000
Labor Productivity for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424L000000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN423L000000000), retrieved from FRED.