Unit Labor Costs for Retail Trade: Floor Covering Stores (NAICS 442210) in the United States
Index 2017=100
IPUHN442210U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.79
Year-over-Year Change
21.81%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production for the U.S. mining and utilities sectors. It is a key indicator of economic activity and capacity utilization.
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 index that tracks the physical output of the mining and utilities industries in the United States. It is a widely followed metric for assessing the health and trends in these crucial economic sectors.
Methodology
The index is calculated by the U.S. Federal Reserve based on survey data from industrial producers.
Historical Context
The Index 2017=100 is closely monitored by economists, policymakers, and market analysts for insights into economic conditions and potential inflationary pressures.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- The mining and utilities sectors account for around 15% of total U.S. industrial production.
- Index values above 100 indicate expansion, while values below 100 signal contraction.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the volume of industrial production for the U.S. mining and utilities sectors, providing a gauge of activity in these key economic segments.
Q: Why is this trend relevant for users or analysts?
A: The index is a closely watched indicator that offers insights into the health of the mining and utilities industries, which are crucial to the broader U.S. economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on survey data from industrial producers.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is monitored by economists, policymakers, and market analysts for insights into economic conditions and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical release delay of around two weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN442210U100000000), retrieved from FRED.