Unit Labor Costs for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
Index 2017=100
IPUGN4245U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.58
Year-over-Year Change
-0.25%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the overall output of the U.S. manufacturing sector, providing an indicator of the health and direction of the broader 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 key economic indicator that tracks changes in the total volume of production across U.S. factories, mines, and utilities. It is a widely followed metric for assessing the performance and trends in the nation's industrial sector.
Methodology
The index is calculated based on survey data collected by the Federal Reserve.
Historical Context
The Index 2017=100 is closely monitored by policymakers, analysts, and investors to gauge the strength of U.S. manufacturing and its influence on the broader economy.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Manufacturing accounts for about 11% of the U.S. gross domestic product (GDP).
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 tracks the total volume of production in the U.S. manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and direction of the broader U.S. economy, as manufacturing plays a significant role in overall economic activity.
Q: How is this data collected or calculated?
A: The index is calculated based on survey data collected by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor the Index 2017=100 to gauge the strength of U.S. manufacturing and its influence on the broader economy.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve, with no significant delays or limitations.
Related Trends
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U110000000
Sectoral Output for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234T300000000
Sectoral Output for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241T300000000
Labor Compensation for Wholesale Trade: Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (NAICS 4231) in the United States
IPUGN4231L020000000
Sectoral Output Price Deflator for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241T051000000
Real Sectoral Output for Wholesale Trade: Paper and Paper Product Merchant Wholesalers (NAICS 4241) in the United States
IPUGN4241T010000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4245U100000000), retrieved from FRED.