Output per Worker for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
Index 2017=100
IPUGN4249W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.43
Year-over-Year Change
2.45%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Index 2017=100' measures the output of the U.S. manufacturing sector, providing insight into the health and productivity of this key economic driver.
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
This index tracks the volume of manufacturing production, adjusting for seasonal variations. It is a widely-used indicator of the industrial economy and a key input for policymakers and analysts assessing macroeconomic conditions.
Methodology
The index is calculated by the Federal Reserve based on survey data from manufacturing plants.
Historical Context
Changes in the manufacturing index can signal shifts in consumer demand, business investment, and overall economic growth.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached a record high of 104.7 in March 2019.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2017=100' measures the overall volume of production in the U.S. manufacturing sector, providing a gauge of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing index is a key economic indicator used by policymakers, investors, and analysts to assess the health and direction of the industrial economy.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on monthly survey data from manufacturing facilities across the United States.
Q: How is this trend used in economic policy?
A: Changes in the manufacturing index can signal shifts in consumer demand, business investment, and overall economic growth, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The manufacturing index is released monthly by the Federal Reserve, with a typical lag of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4249W000000000), retrieved from FRED.