Labor Productivity for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
Index 2017=100
IPUGN4243L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.34
Year-over-Year Change
-9.30%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 is a measure of U.S. industrial production, tracking output levels across manufacturing, mining, and utilities sectors. It is a key economic indicator used by policymakers and analysts to assess the health and direction of the 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 Federal Reserve statistical series that provides a monthly measure of the real output of U.S. industries, including manufacturing, mining, and electric and gas utilities. The index is benchmarked to 2017, where the base year value is set to 100.
Methodology
The data is compiled from various surveys and other sources by the Federal Reserve.
Historical Context
The Index 2017=100 is closely monitored by economists and policymakers as a barometer of U.S. industrial activity and broader economic conditions.
Key Facts
- The index has a base year of 2017 with a value of 100.
- Manufacturing accounts for the largest share of the index at around 75%.
- The index reached a record high of 109.4 in December 2019.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly change in the real volume of industrial production, including manufacturing, mining, and utilities sectors in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of the health and direction of the U.S. economy, providing insights into industrial activity and production levels.
Q: How is this data collected or calculated?
A: The data is compiled by the Federal Reserve from various surveys and sources.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers, economists, and analysts to assess the state of the U.S. economy and inform policy 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 from the end of the reference month.
Related Trends
Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T300000000
Unit Labor Costs for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231U100000000
Hours Worked for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L010000000
Labor Compensation for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42U110000000
Hours Worked for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 4251) in the United States
IPUGN4251L201000000
Hours Worked for Wholesale Trade: Metal and Mineral (Except Petroleum) Merchant Wholesalers (NAICS 4235) in the United States
IPUGN4235L010000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4243L000000000), retrieved from FRED.