Hourly Compensation for Retail Trade: Hardware Stores (NAICS 444130) in the United States
Index 2017=100
IPUHN444130U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.50
Year-over-Year Change
38.61%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of industrial machinery in the United States. It is a key indicator of overall industrial activity and manufacturing health.
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 volume of output from U.S. industrial machinery producers. This data point provides insight into the strength and momentum of the domestic machinery manufacturing sector, which is a crucial component of the broader industrial economy.
Methodology
The index is calculated by the Federal Reserve based on monthly production data collected from a sample of industrial machinery manufacturers.
Historical Context
Economists and policymakers monitor this index to assess the state of U.S. industrial activity and inform decisions around economic and trade policies.
Key Facts
- The index has a base year of 2017.
- Values above 100 indicate output growth since 2017.
- The index reached a record high of 115.4 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 tracks the monthly production volumes of industrial machinery manufacturers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides a timely gauge of the health and direction of the U.S. industrial machinery sector, which is a crucial component of the broader manufacturing economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the index based on monthly production data reported by a sample of industrial machinery manufacturers.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the state of U.S. industrial activity and inform decisions around economic and trade policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag from the reference period.
Related Trends
Unit Labor Costs for Retail Trade: Hobby, Toy, and Game Stores (NAICS 45112) in the United States
IPUHN45112U101000000
Labor Productivity for Retail Trade: Household Appliance Stores (NAICS 443141) in the United States
IPUHN443141L001000000
Hours Worked for Retail Trade: Other Motor Vehicle Dealers (NAICS 4412) in the United States
IPUHN4412L200000000
Hours Worked for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120L010000000
Output per Worker for Retail Trade: Retail Trade (NAICS 44,45) in the United States
IPUHN4445W000000000
Real Sectoral Output for Retail Trade: Department Stores (NAICS 4522) in the United States
IPUHN4522T010000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN444130U120000000), retrieved from FRED.