Sectoral Output Price Deflator for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
Index 2017=100
IPUGN4241T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.89
Year-over-Year Change
38.31%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production, including manufacturing, mining, and utilities, with 2017 as the base year. This key indicator provides insight into the overall 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 is a widely followed measure of U.S. industrial activity. It tracks the physical quantity of goods produced, excluding prices, which helps analysts and policymakers understand trends in economic growth, capacity utilization, and business cycles.
Methodology
The index is calculated by the Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
The Index 2017=100 is used by the Federal Reserve, government agencies, and private-sector analysts to assess current economic conditions and guide policy decisions.
Key Facts
- The index has a base year of 2017, with a value of 100.
- Industrial production accounts for around 20% of U.S. GDP.
- The index reached an all-time high of 107.5 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index provides important insights into the overall health and direction of the U.S. economy, helping analysts and policymakers assess economic growth, capacity utilization, and business cycles.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on monthly surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve, government agencies, and private-sector analysts to guide policy decisions and understand current economic conditions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a relatively short delay, making it a timely indicator of U.S. industrial activity.
Related Trends
Real Sectoral Output for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425T011000000
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L201000000
Sectoral Output for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T300000000
Labor Productivity for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L000000000
Labor Productivity for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L001000000
Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U101000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4241T050000000), retrieved from FRED.