Labor Compensation for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
Index 2017=100
IPUGN4246U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.46
Year-over-Year Change
51.79%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total industrial production of manufacturing, mining, and electric and gas utilities industries in the United States. It serves as a key indicator of economic activity and is closely monitored by policymakers.
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 composite index that tracks the total volume of output from the U.S. industrial sector, including manufacturing, mining, and utilities. It is a widely followed indicator of current and future economic performance, providing insight into the health and trajectory of the broader economy.
Methodology
The data is collected through surveys of industrial facilities and statistical models to estimate total industrial production.
Historical Context
The Index 2017=100 is used by the Federal Reserve, economists, and market analysts to gauge the strength of the U.S. economy and inform policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Industrial production accounts for around 20% of U.S. GDP.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of output from the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of economic activity and is closely monitored by policymakers, economists, and market analysts to gauge the strength and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and statistical models to estimate total industrial production.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is used by the Federal Reserve and other policymakers to assess the health of the industrial sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve with a typical delay of a few weeks.
Related Trends
Sectoral Output for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234T300000000
Unit Labor Costs for Wholesale Trade: Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers (NAICS 4237) in the United States
IPUGN4237U101000000
Hourly Compensation for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244U121000000
Unit Labor Costs for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233U101000000
Labor Compensation for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
IPUGN4239L020000000
Labor Compensation for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249L020000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4246U110000000), retrieved from FRED.