Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
Index 2017=100
IPUGN424210U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.16
Year-over-Year Change
97.13%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the output of manufacturing industries in the United States. It is a key indicator of the health and performance 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 Federal Reserve statistical series that tracks the monthly production of manufactured goods in the U.S. It provides an overview of the level of industrial activity, which is an important driver of economic growth.
Methodology
The index is calculated based on monthly survey data collected from manufacturing establishments.
Historical Context
The Index 2017=100 is closely monitored by policymakers, economists, and investors to assess the strength of the U.S. manufacturing industry.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for about 11% of U.S. GDP.
- The index reached an all-time high of 108.7 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly output of U.S. manufacturing industries, providing an indicator of industrial production and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The index is a key metric for assessing the health and performance of the U.S. manufacturing sector, which is a significant driver of economic growth.
Q: How is this data collected or calculated?
A: The index is calculated based on monthly survey data collected from manufacturing establishments across the United States.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers, economists, and investors to gauge the strength of the U.S. industrial sector and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical release lag of around two weeks.
Related Trends
Real Sectoral Output for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233T010000000
Real Sectoral Output for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237T010000000
Sectoral Output Price Deflator for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T051000000
Hourly Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U120000000
Hours Worked for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 42421) in the United States
IPUGN42421L010000000
Unit Labor Costs for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251U101000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN424210U110000000), retrieved from FRED.