Hourly Compensation for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States
Index 2017=100
IPUIN484220U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.92
Year-over-Year Change
44.65%
Date Range
1/1/2002 - 1/1/2024
Summary
The Index 2017=100 measures overall industrial production in the United States. This broad indicator provides insights into the health and momentum 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 total manufacturing, mining, and utility output relative to a 2017 baseline. It serves as a leading indicator of economic activity and is closely watched by policymakers, analysts, and businesses.
Methodology
The Federal Reserve compiles this index from a variety of industrial production surveys.
Historical Context
The Index 2017=100 is a key input for assessing macroeconomic conditions and informing monetary and fiscal policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- The index rebased from 2012=100 to 2017=100 in January 2022.
- Index readings above 100 indicate growth relative to 2017 levels.
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: The industrial production index is a key indicator of overall economic activity and health, providing insights into the manufacturing and industrial sectors.
Q: How is this data collected or calculated?
A: The Federal Reserve compiles this index from various industrial production surveys and manufacturing data.
Q: How is this trend used in economic policy?
A: The industrial production index is closely monitored by policymakers, economists, and businesses to assess current economic conditions and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production index is published monthly by the Federal Reserve with a typical release lag of around 15 days.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUIN484220U120000000), retrieved from FRED.