Hours Worked for Retail Trade: Tire Dealers (NAICS 441320) in the United States
Index 2017=100
IPUHN441320L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.55
Year-over-Year Change
-1.24%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 is a key manufacturing production indicator that tracks the output of a specified industry over time, with 2017 as the base year.
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 an economic indicator that measures the total industrial production, including manufacturing, mining, and utilities, in the United States. It provides insights into the overall health and trends in the U.S. industrial sector.
Methodology
The data is collected through surveys of industrial facilities and calculated as an index with 2017 as the base year of 100.
Historical Context
The Index 2017=100 is closely monitored by policymakers, analysts, and investors to assess the strength of the U.S. economy and guide economic decision-making.
Key Facts
- The index is based on 2017 output levels.
- The index tracks total industrial production, not just manufacturing.
- It is a key indicator of the health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total industrial production in the United States, including manufacturing, mining, and utilities, with 2017 as the base year.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a crucial indicator of the overall strength and performance of the U.S. industrial sector, which is a significant driver of economic growth and a key focus for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated as an index with 2017 as the base year of 100.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers, analysts, and investors to assess the strength of the U.S. economy and guide economic decision-making, such as monetary policy and investment strategies.
Q: Are there update delays or limitations?
A: The Index 2017=100 data is typically released on a monthly basis, with a short delay to allow for collection and processing.
Related Trends
Employment for Retail Trade: Building Material and Garden Equipment and Supplies Dealers (NAICS 444) in the United States
IPUHN444W010000000
Sectoral Output Price Deflator for Retail Trade: Office Supplies, Stationery, and Gift Stores (NAICS 4532) in the United States
IPUHN4532T051000000
Hours Worked for Retail Trade: Florists (NAICS 453110) in the United States
IPUHN453110L200000000
Sectoral Output Price Deflator for Retail Trade: Used Merchandise Stores (NAICS 45331) in the United States
IPUHN45331T050000000
Hourly Compensation for Retail Trade: Supermarkets and Other Grocery (Except Convenience) Stores (NAICS 445110) in the United States
IPUHN445110U120000000
Sectoral Output for Retail Trade: Nursery, Garden Center, and Farm Supply Stores (NAICS 44422) in the United States
IPUHN44422T300000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN441320L010000000), retrieved from FRED.