Sectoral Output Price Deflator for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
Index 2017=100
IPUGN4245T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.07
Year-over-Year Change
-20.30%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the overall level of industrial production in the United States, a key indicator of economic activity and manufacturing health.
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 volume of output from manufacturing, mining, and electric and gas utilities industries in the U.S. economy. It is a widely followed gauge of the nation's industrial performance and production capacity.
Methodology
The Federal Reserve calculates this index based on monthly surveys of industrial facilities across the country.
Historical Context
The Index 2017=100 informs economic analysis and policy decisions related to industrial output, trade, and investment.
Key Facts
- The base year for the Index 2017=100 is 2017.
- Industrial production accounts for about 16% of U.S. economic output.
- The index reached an all-time high of 105.2 in January 2019.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 tracks the overall 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 is a key indicator of the health and performance of the U.S. industrial sector, which is crucial for understanding broader economic conditions and policy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the Index 2017=100 based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 informs analysis and decision-making related to trade, investment, and the overall state of U.S. manufacturing and industrial activity.
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 six weeks from the end of the reference period.
Related Trends
Hourly Compensation for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232U120000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242L021000000
Labor Productivity for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210L000000000
Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U101000000
Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U121000000
Labor Productivity for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245L000000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4245T050000000), retrieved from FRED.