Output per Worker for Retail Trade: Automotive Parts, Accessories, and Tire Stores (NAICS 4413) in the United States
Index 2017=100
IPUHN4413W000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.88
Year-over-Year Change
10.90%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total production of the North American Industry Classification System (NAICS) manufacturing industry group 4413 - Automotive Parts, Accessories, and Tire Stores. It serves as an important indicator of economic activity and consumer demand in the auto parts and accessories retail sector.
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 measure of the total industrial production for the NAICS 4413 industry group, which includes retailers of automotive parts, accessories, and tires. It provides a comprehensive view of output trends within this key segment of the US economy.
Methodology
This index is calculated by the US Federal Reserve based on monthly surveys of manufacturers and retailers.
Historical Context
The Index 2017=100 is closely watched by economists, policymakers, and market analysts to assess the health of the automotive aftermarket and broader consumer spending patterns.
Key Facts
- The index has a base year of 2017, with a value of 100.
- It covers a wide range of auto parts, accessories, and tire retailers.
- The index is a component of the overall Federal Reserve industrial production index.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total industrial production of the NAICS 4413 industry group, which includes automotive parts, accessories, and tire retailers.
Q: Why is this trend relevant for users or analysts?
A: This index provides an important indicator of economic activity and consumer demand in the automotive aftermarket, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The US Federal Reserve calculates this index based on monthly surveys of manufacturers and retailers in the NAICS 4413 industry group.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is used by economists and policymakers to assess the health of the automotive industry and consumer spending patterns, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN4413W000000000), retrieved from FRED.