Real Sectoral Output for Retail Trade: Department Stores (NAICS 45221) in the United States
Index 2017=100
IPUHN45221T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.94
Year-over-Year Change
-26.90%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the output of industrial production in the United States. This key economic indicator provides insight into the health and performance of the 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 monthly measure of the volume of the nation's industrial output. It tracks changes in the real production of manufacturing, mining, and electric and gas utilities. This index is a widely-used barometer of economic activity and a crucial input for policymakers and analysts.
Methodology
The data is collected through surveys of industrial establishments and then calculated using a Fisher-ideal production-weighted formula.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to gauge the strength of the U.S. economy.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Industrial production accounts for about 16% of U.S. economic output.
- The index has shown steady growth since the 2008-2009 recession.
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: This index is a key indicator of the health and performance of the U.S. industrial sector, which is a crucial driver of economic growth and employment.
Q: How is this data collected or calculated?
A: The data is gathered through surveys of industrial establishments and calculated using a Fisher-ideal production-weighted formula.
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 gauge the strength of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short delay, providing timely data on industrial production trends.
Related Trends
Employment for Retail Trade: Women's Clothing Stores (NAICS 44812) in the United States
IPUHN44812W010000000
Sectoral Output Price Deflator for Retail Trade: Food and Beverage Stores (NAICS 445) in the United States
IPUHN445T051000000
Employment for Retail Trade: Floor Covering Stores (NAICS 442210) in the United States
IPUHN442210W200000000
Output per Worker for Retail Trade: Department Stores (NAICS 452210) in the United States
IPUHN452210W001000000
Sectoral Output Price Deflator for Retail Trade: Sporting Goods Stores (NAICS 451110) in the United States
IPUHN451110T051000000
Sectoral Output for Retail Trade: Other Direct Selling Establishments (NAICS 454390) in the United States
IPUHN454390T300000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN45221T010000000), retrieved from FRED.