Labor Compensation for Retail Trade: Sporting Goods, Hobby, and Musical Instrument Stores (NAICS 4511) in the United States
Index 2017=100
IPUHN4511U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.54
Year-over-Year Change
57.98%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of manufacturing output in the United States, providing a key indicator of industrial production and economic activity.
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 monthly economic indicator produced by the U.S. Federal Reserve that tracks the total inflation-adjusted output of the U.S. manufacturing sector. It serves as an important barometer of overall industrial activity and economic health.
Methodology
The index is calculated based on a representative sample of manufacturing facilities across the country.
Historical Context
The Index 2017=100 is closely monitored by policymakers, analysts, and businesses to assess current and future economic conditions.
Key Facts
- The index has a base year of 2017, where the value is set to 100.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The index reached an all-time high of 107.5 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of manufacturing output in the United States, providing a comprehensive indicator of industrial production.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a crucial economic indicator that helps analysts and policymakers assess the overall health and trajectory of the U.S. manufacturing sector and broader economy.
Q: How is this data collected or calculated?
A: The index is calculated based on a representative sample of manufacturing facilities across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other policymakers to inform decisions on monetary policy, economic forecasting, and industrial support measures.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the Federal Reserve, with a typical release lag of around six weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN4511U110000000), retrieved from FRED.