Hours Worked for Transportation and Warehousing: Pipeline Transportation of Natural Gas (NAICS 48621) in the United States
Index 2017=100
IPUIN48621L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.29
Year-over-Year Change
33.77%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly industrial production of the U.S. manufacturing sector, a key indicator of economic activity and industrial strength.
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 the U.S. manufacturing industry, including production of durable and nondurable goods. It is a widely followed metric used by economists, policymakers, and analysts to assess the health and trajectory of the U.S. industrial economy.
Methodology
The data is collected through surveys of manufacturing facilities and calculated as an index with a base year of 2017.
Historical Context
The Index 2017=100 is a crucial input for monitoring macroeconomic trends and informing monetary and fiscal policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Manufacturing accounts for around 11% of U.S. GDP.
- The index reached an all-time high of 108.5 in December 2018.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly industrial production of the U.S. manufacturing sector, tracking the total output of durable and nondurable goods.
Q: Why is this trend relevant for users or analysts?
A: The index is a widely followed metric used by economists, policymakers, and analysts to assess the health and trajectory of the U.S. industrial economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing facilities and calculated as an index with a base year of 2017.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is a crucial input for monitoring macroeconomic trends and informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUIN48621L010000000), retrieved from FRED.