Unit Labor Costs for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
Index 2017=100
IPUGN4246U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.21
Year-over-Year Change
30.99%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of US manufacturing industries. It is a key indicator of the overall health and direction of the US 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 is a volume index that tracks the physical output of manufacturing industries in the United States. It is used by economists and policymakers to assess trends in industrial production and gauge the broader performance of the US economy.
Methodology
The data is collected through monthly surveys of manufacturing establishments and calculated by the Federal Reserve.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Manufacturing accounts for about 11% of US GDP.
- The index reached an all-time high of 108.5 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production volumes of US manufacturing industries, providing a comprehensive gauge of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the overall health and direction of the US industrial sector, which is a critical driver of economic growth and a key focus for policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments and calculated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical release lag of around 2 weeks.
Related Trends
Real Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T010000000
Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210W200000000
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U110000000
Hourly Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242U120000000
Unit Labor Costs for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424U100000000
Hours Worked for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237L200000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4246U100000000), retrieved from FRED.