Hours Worked for Transportation and Warehousing: Scheduled Air Transportation (NAICS 48111) in the United States
Index 2017=100
IPUIN48111L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.63
Year-over-Year Change
37.97%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the output of the manufacturing industry in the United States. It is a key indicator of the overall health and production levels of the U.S. 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
This index tracks the monthly change in the total industrial output of U.S. manufacturing facilities. It is used by economists and policymakers to gauge the strength and trajectory of the manufacturing sector, a vital component of the national economy.
Methodology
The data is collected through surveys of manufacturing plants and calculated by the Federal Reserve.
Historical Context
The manufacturing index provides insight into consumer demand, business investment, and trade dynamics that inform economic and policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- Index values above 100 indicate production growth over 2017 levels.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly change in the total industrial output of U.S. manufacturing facilities.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing index is a key indicator of the overall health and production levels of the U.S. economy, providing insight into consumer demand, business investment, and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing plants and calculated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The manufacturing index informs economic and policy decisions by policymakers and analysts as it reflects the strength and trajectory of this vital component of the national economy.
Q: Are there update delays or limitations?
A: The manufacturing index data is released monthly with a typical 2-week delay.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUIN48111L010000000), retrieved from FRED.