Hours Worked for Retail Trade: Electronic Shopping and Mail-Order Houses (NAICS 4541) in the United States
Index 2017=100
IPUHN4541L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.51
Year-over-Year Change
44.44%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the production volume of the durable goods manufacturing industry in the United States. This trend is a key indicator of the health and performance of the U.S. 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 tracks changes in the physical output of durable goods manufacturing, which includes industries like machinery, electronics, and transportation equipment. It is a valuable metric for economists and policymakers in assessing broader economic conditions and industrial activity.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The index is based on 2017 as the base year, with a value of 100.
- Durable goods manufacturing accounts for approximately 25% of total U.S. industrial production.
- The index reached an all-time high of 114.5 in December 2021.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the volume of production in the durable goods manufacturing sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and performance of the U.S. manufacturing industry, which is an important driver of economic growth and a major employer.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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IPUHN45411W000000000
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN4541L010000000), retrieved from FRED.