Real Sectoral Output for Retail Trade: Used Merchandise Stores (NAICS 45331) in the United States
Index 2017=100
IPUHN45331T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.32
Year-over-Year Change
61.97%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 is a measure of industrial production, tracking changes in the volume of output for the U.S. manufacturing, mining, and electric and gas utility industries. This key economic indicator provides insight into the overall health and direction of the domestic economy.
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 published by the U.S. Federal Reserve. It measures the real output of the industrial sector, which includes manufacturing, mining, and utilities. The index is a leading economic indicator that helps policymakers and analysts assess the current state and trajectory of the U.S. economy.
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 watched by economists, policymakers, and market participants as a signal of broader economic conditions and industrial activity.
Key Facts
- The index has a base year of 2017, with a value of 100.
- Manufacturing accounts for the largest share of the index, around 75%.
- The index reached a record high of 104.7 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the real output of the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the overall health and direction of the U.S. economy, providing insights into industrial activity and production.
Q: How is this 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 this trend used in economic policy?
A: The Index 2017=100 is closely watched by policymakers, economists, and market participants as a signal of broader economic conditions and industrial activity.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Federal Reserve, with a typical release lag of around 2 weeks.
Related Trends
Hourly Compensation for Retail Trade: Used Merchandise Stores (NAICS 45331) in the United States
IPUHN45331U120000000
Real Sectoral Output for Retail Trade: Used Merchandise Stores (NAICS 4533) in the United States
IPUHN4533T011000000
Real Sectoral Output for Retail Trade: Optical Goods Stores (NAICS 446130) in the United States
IPUHN446130T010000000
Labor Productivity for Retail Trade: Pharmacies and Drug Stores (NAICS 44611) in the United States
IPUHN44611L001000000
Real Sectoral Output for Retail Trade: Nonstore Retailers (NAICS 454) in the United States
IPUHN454T011000000
Unit Labor Costs for Retail Trade: General Merchandise Stores, Including Warehouse Clubs and Supercenters (NAICS 4523) in the United States
IPUHN4523U100000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN45331T010000000), retrieved from FRED.