Hourly Compensation for Retail Trade: Used Car Dealers (NAICS 441120) in the United States
Index 2017=100
IPUHN441120U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.69
Year-over-Year Change
72.85%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the production volume of the manufacturing, mining, and electric and gas utility industries in the United States. It serves as a key indicator of overall economic activity and industrial performance.
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 production index that tracks changes in the total output of the U.S. industrial sector. It is used by economists and policymakers to assess the health and direction of the broader economy.
Methodology
The index is calculated by the Federal Reserve based on surveys of industrial establishments.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- The index covers manufacturing, mining, and utilities sectors.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production, including manufacturing, mining, and utilities output in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of overall economic activity and serves as an important signal of the health and direction of the U.S. industrial sector.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on monthly surveys of industrial establishments.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Index 2017=100 is released monthly by the Federal Reserve with a typical lag of around one month.
Related Trends
Hours Worked for Retail Trade: Other Direct Selling Establishments (NAICS 454390) in the United States
IPUHN454390L010000000
Hourly Compensation for Retail Trade: Other Gasoline Stations (NAICS 447190) in the United States
IPUHN447190U120000000
Real Sectoral Output for Retail Trade: Clothing Stores (NAICS 4481) in the United States
IPUHN4481T011000000
Hourly Compensation for Retail Trade: Automotive Parts, Accessories, and Tire Stores (NAICS 4413) in the United States
IPUHN4413U121000000
Hours Worked for Retail Trade: Florists (NAICS 4531) in the United States
IPUHN4531L200000000
Labor Productivity for Retail Trade: Pharmacies and Drug Stores (NAICS 446110) in the United States
IPUHN446110L001000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN441120U120000000), retrieved from FRED.