Labor Compensation for Retail Trade: Nonstore Retailers (NAICS 454) in the United States
Index 2017=100
IPUHN454U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.25
Year-over-Year Change
145.31%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of industrial materials and supplies in the United States. It serves as a key indicator of the health and direction of the U.S. industrial 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 the total output of industrial materials and supplies, such as raw materials, parts, and components used in manufacturing and other industrial processes. It provides a comprehensive view of broader industrial production trends.
Methodology
The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Historical Context
The Index 2017=100 is widely monitored by economists, policymakers, and market analysts to assess the strength of the U.S. industrial economy.
Key Facts
- The index base year is 2017, set to 100.
- It covers diverse industrial products like chemicals, metals, and electronics.
- The index provides a timely snapshot of the industrial sector's performance.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production of industrial materials and supplies in the United States, providing a comprehensive view of broader industrial output.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a closely watched indicator of the health and direction of the U.S. industrial sector, which is crucial for understanding overall economic conditions and manufacturing activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is widely monitored by economists, policymakers, and market analysts to assess the strength of the U.S. industrial economy and inform decision-making.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the Federal Reserve, providing timely data on industrial production trends.
Related Trends
Output per Worker for Retail Trade: Sporting Goods Stores (NAICS 45111) in the United States
IPUHN45111W001000000
Output per Worker for Retail Trade: Convenience Stores (NAICS 445120) in the United States
IPUHN445120W001000000
Labor Compensation for Retail Trade: Office Supplies and Stationery Stores (NAICS 45321) in the United States
IPUHN45321L021000000
Real Sectoral Output for Retail Trade: Sporting Goods Stores (NAICS 45111) in the United States
IPUHN45111T011000000
Real Sectoral Output for Retail Trade: Floor Covering Stores (NAICS 44221) in the United States
IPUHN44221T011000000
Real Sectoral Output for Retail Trade: Clothing Accessories Stores (NAICS 44815) in the United States
IPUHN44815T011000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUHN454U110000000), retrieved from FRED.