Output per Worker for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
Index 2017=100
IPUGN4246W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.88
Year-over-Year Change
5.87%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total production of goods and services in the U.S. manufacturing sector. It is a key indicator of economic growth and industrial activity.
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 manufacturing output, providing insight into the overall health and productivity of the U.S. industrial economy. It is a widely followed metric for assessing the business cycle and informing economic policy decisions.
Methodology
The index is calculated by the U.S. Federal Reserve based on data collected from manufacturing facilities nationwide.
Historical Context
Policymakers and market analysts closely monitor the Index 2017=100 to gauge the pace of economic recovery and identify emerging trends.
Key Facts
- The index is benchmarked to 2017 production levels.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Index readings above 100 indicate expansion, below 100 contraction.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of production in the U.S. manufacturing sector, providing insight into industrial activity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing index is a key indicator of the overall health of the U.S. economy, helping policymakers and market participants assess the business cycle and identify emerging trends.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on data collected from manufacturing facilities nationwide.
Q: How is this trend used in economic policy?
A: Policymakers and central bankers closely monitor the Index 2017=100 to gauge the pace of economic recovery and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the Federal Reserve with a typical release lag of 2-3 weeks.
Related Trends
Hourly Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242U120000000
Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L020000000
Real Sectoral Output for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T010000000
Real Sectoral Output for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244T011000000
Unit Labor Costs for Wholesale Trade: Professional and Commercial Equipment and Supplies Merchant Wholesalers (NAICS 4234) in the United States
IPUGN4234U100000000
Sectoral Output Price Deflator for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T051000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4246W000000000), retrieved from FRED.