Employment for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
Index 2017=100
IPUGN42W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.34
Year-over-Year Change
9.06%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production output of U.S. manufacturing, mining, and electric and gas utility industries, providing a comprehensive view of 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 is a key economic indicator that tracks the overall performance of the U.S. industrial sector. It is widely used by policymakers, analysts, and businesses to assess the health and trajectory of the broader economy.
Methodology
The data is calculated by the Federal Reserve based on surveys of industrial facilities.
Historical Context
The Index is closely monitored for insights into economic growth, capacity utilization, and potential inflationary pressures.
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 reached an all-time high of 104.7 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of output from U.S. manufacturing, mining, and utility industries, providing a comprehensive view of industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The Index is a closely watched indicator of the health and direction of the broader economy, offering insights into production, capacity utilization, and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Index 2017=100 for signals about the strength of the industrial sector and the overall economy, which can inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Index 2017=100 is released monthly by the Federal Reserve, with a typical delay of around two weeks from the end of the reference period.
Related Trends
Unit Labor Costs for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242U100000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210L020000000
Labor Productivity for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424L000000000
Unit Labor Costs for Wholesale Trade: Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) in the United States
IPUGN4247U101000000
Real Sectoral Output for Wholesale Trade: Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS 4248) in the United States
IPUGN4248T011000000
Labor Compensation for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L020000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN42W010000000), retrieved from FRED.