Labor Productivity for Retail Trade: Convenience Stores (NAICS 44512) in the United States
Index 2017=100
IPUHN44512L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.13
Year-over-Year Change
21.34%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of total industrial production in the United States. It is a key indicator of economic 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 total output of U.S. factories, mines, and utilities. It is a widely followed economic indicator that provides insight into the strength of the nation's industrial sector.
Methodology
The Federal Reserve calculates this index based on survey data from industrial establishments.
Historical Context
Analysts and policymakers use the Index 2017=100 to assess the manufacturing and production-based components of the broader U.S. economy.
Key Facts
- The index has a base year of 2017, set to 100.
- It covers a range of industrial sectors including mining, utilities, and manufacturing.
- Monthly updates allow for timely monitoring of production trends.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production in the United States, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a widely watched indicator of economic activity and the health of the industrial sector. It provides valuable insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the Index 2017=100 based on survey data collected from industrial establishments across the country.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the Index 2017=100 to assess the manufacturing and production-based components of the broader U.S. economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The Index 2017=100 is updated monthly, providing timely data on industrial production trends. There may be minor publication delays, but the index is a reliable and comprehensive measure of U.S. industrial activity.
Related Trends
Real Sectoral Output for Retail Trade: Sporting Goods, Hobby, Book, and Music Stores (NAICS 451) in the United States
IPUHN451T010000000
Output per Worker for Retail Trade: Used Merchandise Stores (NAICS 4533) in the United States
IPUHN4533W001000000
Hours Worked for Retail Trade: Women's Clothing Stores (NAICS 448120) in the United States
IPUHN448120L010000000
Hours Worked for Retail Trade: Tire Dealers (NAICS 441320) in the United States
IPUHN441320L201000000
Employment for Retail Trade: Pharmacies and Drug Stores (NAICS 446110) in the United States
IPUHN446110W200000000
Real Sectoral Output for Retail Trade: Furniture Stores (NAICS 442110) in the United States
IPUHN442110T010000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN44512L000000000), retrieved from FRED.