Output per Worker for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
Index 2017=100
IPUGN4247W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.59
Year-over-Year Change
31.95%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 tracks the total production output of the U.S. manufacturing sector. This key economic indicator provides insight into the overall health and performance of the American industrial 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 measures the volume of real output for the total manufacturing industry in the United States. It is a widely monitored gauge of manufacturing activity and a leading indicator of economic growth.
Methodology
The index is calculated by the U.S. Federal Reserve based on monthly survey data from manufacturing companies.
Historical Context
The Index 2017=100 is closely watched by policymakers, economists, and investors to assess the current state and future trajectory of the U.S. manufacturing sector.
Key Facts
- The index is rebased to 100 for the year 2017.
- Manufacturing accounts for about 11% of U.S. GDP.
- The index reached an all-time high of 106.4 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly changes in the total volume of real output produced by the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing index is a key economic indicator that provides insight into the health and performance of the industrial economy, which is crucial for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on monthly survey data from manufacturing companies.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers, economists, and market participants to assess the current state and future trajectory of the U.S. manufacturing sector, which informs economic and monetary 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 15 days after the end of the reference month.
Related Trends
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242T050000000
Hours Worked for Wholesale Trade: Chemical and Allied Products Merchant Wholesalers (NAICS 4246) in the United States
IPUGN4246L200000000
Labor Compensation for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238L020000000
Sectoral Output Price Deflator for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T051000000
Employment for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242W010000000
Unit Labor Costs for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236U100000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4247W000000000), retrieved from FRED.