Labor Compensation for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
Index 2017=100
IPUGN4243U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.47
Year-over-Year Change
23.78%
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 index is a key indicator of economic activity and the health of the 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 tracks the total output of the U.S. industrial sector, which includes manufacturing, mining, and utilities. It is a widely followed indicator of overall economic conditions and the strength of industrial production.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial establishments.
Historical Context
The Index 2017=100 is used by policymakers, economists, and market analysts to assess the state of the U.S. economy and guide decision-making.
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 108.5 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the volume of industrial production, including manufacturing, mining, and utilities, with 2017 as the base year.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of economic activity and the health of the industrial sector, which is closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial establishments.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is used by policymakers, economists, and market analysts to assess the state of the U.S. economy and guide decision-making.
Q: Are there update delays or limitations?
A: The Index 2017=100 data is released monthly by the Federal Reserve with a typical delay of around one month.
Related Trends
Hours Worked for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236L010000000
Sectoral Output Price Deflator for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237T050000000
Output per Worker for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246W001000000
Sectoral Output Price Deflator for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246T050000000
Labor Productivity for Wholesale Trade: Wholesale Electronic Markets and Agents and Brokers (NAICS 425) in the United States
IPUGN425L001000000
Sectoral Output Price Deflator for Wholesale Trade: Apparel, Piece Goods, and Notions Merchant Wholesalers (NAICS 4243) in the United States
IPUGN4243T050000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4243U110000000), retrieved from FRED.