Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
Index 2017=100
IPUGN4242U110000000 • 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 changes in the level of industrial production, including manufacturing, mining, and electric and gas utilities, in the United States. This broad indicator provides insight into the 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 monthly economic indicator published by the U.S. Federal Reserve that tracks the volume of output from the industrial sector. It is a widely followed metric for assessing the overall state of the economy and gauging the strength of domestic manufacturing and production.
Methodology
The index is calculated based on data collected from surveys of industrial facilities across the country.
Historical Context
Policymakers and market analysts closely monitor this index to help inform decisions and assess the trajectory of the U.S. economy.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- It covers output from the manufacturing, mining, and utilities sectors.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly level of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive view of the health and direction of the U.S. industrial sector, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The index is calculated based on survey data collected from industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the Index 2017=100 to help assess the state of the U.S. economy and inform decisions.
Q: Are there update delays or limitations?
A: The Index 2017=100 is released monthly by the Federal Reserve with a typical delay of around two weeks.
Related Trends
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Hours Worked for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237L200000000
Employment for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235W200000000
Labor Compensation for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U110000000
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 (IPUGN4242U110000000), retrieved from FRED.