Real Sectoral Output for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
Index 2017=100
IPUGN4247T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.89
Year-over-Year Change
33.11%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly change in U.S. industrial production, a key indicator of economic activity and growth.
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 total output of the U.S. manufacturing, mining, and electric and gas utility industries. It is a widely followed economic statistic used to assess the health and trajectory of the broader economy.
Methodology
The Federal Reserve collects production data from thousands of U.S. companies to calculate this index.
Historical Context
Policymakers and analysts closely monitor the Index 2017=100 to gauge the strength of the industrial sector and overall economy.
Key Facts
- The index has a base year of 2017 with a value of 100.
- Manufacturing accounts for over 75% of the total industrial production index.
- The index reached an all-time high of 104.4 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly change in total industrial production across manufacturing, mining, and utilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of economic activity and the strength of the U.S. industrial sector, providing insights into overall economic growth and performance.
Q: How is this data collected or calculated?
A: The Federal Reserve collects monthly production data from thousands of companies across the manufacturing, mining, and utilities industries to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Index 2017=100 to assess the health of the industrial sector and make informed decisions about 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 delay of about two weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4247T010000000), retrieved from FRED.