Labor Productivity for Retail Trade: Pharmacies and Drug Stores (NAICS 446110) in the United States
Index 2017=100
IPUHN446110L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.92
Year-over-Year Change
24.27%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total industrial production of a specified industry, sector, or product. It is a key economic indicator used by policymakers and analysts to assess manufacturing activity and overall economic 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 is a production index that tracks changes in the total volume of industrial output over time. It is calculated by the Federal Reserve and provides a comprehensive measure of real production across manufacturing, mining, and utility sectors.
Methodology
The data is collected through surveys of industrial facilities and compiled into an index with a base year of 2017.
Historical Context
The Index 2017=100 is closely monitored by economists, investors, and policymakers to gauge the strength of the industrial economy.
Key Facts
- The index has a base year of 2017 with a value of 100.
- It covers production across manufacturing, mining, and utilities sectors.
- The index is a leading indicator of economic growth and business cycles.
FAQs
Q: What does the Index 2017=100 measure?
A: The Index 2017=100 measures the total volume of industrial production, including manufacturing, mining, and utilities.
Q: Why is the Index 2017=100 relevant for users or analysts?
A: The index is a key economic indicator used to assess the strength of the industrial economy and overall business conditions.
Q: How is the Index 2017=100 data collected or calculated?
A: The data is collected through surveys of industrial facilities and compiled into an index with a base year of 2017.
Q: How is the Index 2017=100 used in economic policy?
A: The index is closely monitored by economists, investors, and policymakers to gauge the health of the manufacturing and industrial sectors.
Q: Are there any update delays or limitations with the Index 2017=100?
A: The index is published monthly by the Federal Reserve with a typical release lag of around 2 weeks.
Related Trends
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IPUHN448L000000000
Unit Labor Costs for Retail Trade: Floor Covering Stores (NAICS 44221) in the United States
IPUHN44221U101000000
Labor Compensation for Retail Trade: Home Centers (NAICS 44411) in the United States
IPUHN44411L020000000
Labor Compensation for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States
IPUHN44815U110000000
Employment for Retail Trade: Automobile Dealers (NAICS 4411) in the United States
IPUHN4411W010000000
Sectoral Output Price Deflator for Retail Trade: Other Motor Vehicle Dealers (NAICS 4412) in the United States
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN446110L000000000), retrieved from FRED.