Sectoral Output Price Deflator for Retail Trade: Hardware Stores (NAICS 444130) in the United States
Index 2017=100
IPUHN444130T050000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.86
Year-over-Year Change
26.12%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly change in U.S. industrial production, a key indicator of economic activity and manufacturing output.
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 tracks the total output of the U.S. industrial sector, including manufacturing, mining, and utilities. It is a widely followed metric for assessing the health and momentum of the American economy.
Methodology
The Federal Reserve collects and calculates this index based on survey data from industrial firms.
Historical Context
Policymakers and analysts closely monitor the Index 2017=100 to gauge the strength of the overall economy and its industrial base.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Industrial production rose 0.5% in December 2022 compared to November.
- The index reached an all-time high of 105.5 in December 2022.
FAQs
Q: What does the Index 2017=100 measure?
A: The Index 2017=100 tracks the total output of the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a widely followed metric for assessing the health and momentum of the American economy, providing insights into industrial activity and manufacturing output.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this index based on survey data from industrial firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Index 2017=100 to gauge the strength of the overall economy and its industrial base, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the Federal Reserve, with a typical update delay of a few weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN444130T050000000), retrieved from FRED.