Unit Labor Costs for Retail Trade: Supermarkets and Other Grocery (Except Convenience) Stores (NAICS 445110) in the United States
Index 2017=100
IPUHN445110U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.11
Year-over-Year Change
28.89%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of industrial machinery and equipment in the United States. This key indicator provides insights into the health and trends of the U.S. manufacturing 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 production index that tracks the monthly volume of manufacturing output for industrial machinery and equipment. It serves as an important barometer for analyzing the state of the U.S. industrial and manufacturing economy.
Methodology
The index is calculated based on data collected from manufacturing establishments across the country.
Historical Context
The Index 2017=100 is closely monitored by economists, policymakers, and market analysts to assess the strength and direction of the U.S. industrial economy.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Industrial machinery and equipment account for a significant portion of U.S. manufacturing output.
- The index provides a timely signal of changes in the industrial sector.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production of industrial machinery and equipment in the United States, providing insights into the health of the U.S. manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for monitoring the strength and direction of the U.S. industrial economy, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated based on data collected from manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by policymakers and analysts to assess the health of the U.S. industrial and manufacturing sectors, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, providing timely data on industrial machinery production. However, there may be occasional revisions or delays in the data release.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN445110U100000000), retrieved from FRED.