Hourly Compensation for Retail Trade: Food and Beverage Stores (NAICS 445) in the United States
Index 2017=100
IPUHN445U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.96
Year-over-Year Change
55.27%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the seasonally adjusted production output of the U.S. manufacturing industry. It serves as a key indicator of economic activity and industrial 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 changes in the total industrial production of manufacturing, mining, and electric and gas utilities sectors in the United States. It is a widely-watched metric for assessing the overall strength of the U.S. economy.
Methodology
The Federal Reserve collects and aggregates this data from surveys of industrial facilities across the country.
Historical Context
Policymakers and analysts use the Index 2017=100 to monitor trends in the health of the U.S. industrial and manufacturing sectors.
Key Facts
- The Index 2017=100 has a base year of 2017.
- It covers production in manufacturing, mining, and utilities.
- The index reached a record high of 109.4 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the seasonally adjusted production output of the U.S. manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of overall economic activity and the health of the U.S. industrial base.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Index 2017=100 to assess the strength of the U.S. manufacturing and industrial sectors.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly with a typical 2-week delay after the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN445U120000000), retrieved from FRED.