Unit Labor Costs for Retail Trade: New Car Dealers (NAICS 441110) in the United States
Index 2017=100
IPUHN441110U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.65
Year-over-Year Change
21.38%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Index 2017=100' metric measures the output of the total manufacturing sector in the United States. It serves as a key indicator of the overall health and performance of the U.S. 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 is a seasonally adjusted, volume-based indicator that tracks changes in the total industrial production of the U.S. manufacturing industry. It is a widely followed economic statistic used by policymakers, analysts, and businesses to gauge the direction and momentum of domestic manufacturing activity.
Methodology
The index is calculated by the Federal Reserve based on survey data and production statistics collected from manufacturing firms across the country.
Historical Context
The Index 2017=100 is a crucial input for policymakers at the Federal Reserve and other government agencies when evaluating the state of the U.S. economy and formulating economic and monetary policies.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for about 11% of U.S. GDP.
- The index reached a record high of 104.7 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total industrial production of the U.S. manufacturing sector, providing a volume-based indicator of the overall health and performance of domestic manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a crucial economic indicator used by policymakers, businesses, and analysts to gauge the direction and momentum of the U.S. manufacturing industry, which is a significant contributor to the nation's GDP.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on survey data and production statistics collected directly from manufacturing firms across the United States.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is a key input for policymakers at the Federal Reserve and other government agencies when evaluating the state of the U.S. economy and formulating economic and monetary 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 around six weeks after the end of the reference month.
Related Trends
Hours Worked for Retail Trade: General Merchandise Stores, Including Warehouse Clubs and Supercenters (NAICS 45231) in the United States
IPUHN45231L200000000
Output per Worker for Retail Trade: Automotive Parts, Accessories, and Tire Stores (NAICS 4413) in the United States
IPUHN4413W001000000
Labor Productivity for Retail Trade: New Car Dealers (NAICS 441110) in the United States
IPUHN441110L001000000
Labor Productivity for Retail Trade: Office Supplies, Stationery, and Gift Stores (NAICS 4532) in the United States
IPUHN4532L001000000
Unit Labor Costs for Retail Trade: Gasoline Stations (NAICS 4471) in the United States
IPUHN4471U100000000
Sectoral Output for Retail Trade: Automotive Parts and Accessories Stores (NAICS 44131) in the United States
IPUHN44131T300000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN441110U100000000), retrieved from FRED.