Hours Worked for Transportation and Warehousing: Pipeline Transportation of Crude Oil (NAICS 48611) in the United States
Index 2017=100
IPUIN48611L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.46
Year-over-Year Change
38.53%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the total industrial production for the U.S. manufacturing sector. It is a key indicator of the overall health and activity of the 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 tracks changes in the total volume of industrial production, including manufacturing, mining, and utilities. It is a widely-used measure of economic activity that provides insight into capacity utilization and potential inflationary pressures.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys of industrial facilities.
Historical Context
Policymakers and analysts closely monitor the Index 2017=100 to assess the current state and near-term trajectory of the U.S. economy.
Key Facts
- The Index 2017=100 is benchmarked to the year 2017.
- Industrial production accounts for around 20% of the U.S. economy.
- The index reached an all-time high of 104.7 in December 2018.
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 Index 2017=100 is a key indicator of overall economic health and activity, providing insight into capacity utilization and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Index 2017=100 to assess the current state and near-term trajectory of the U.S. economy.
Q: Are there update delays or limitations?
A: The Index 2017=100 data is released monthly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUIN48611L010000000), retrieved from FRED.