Hourly Compensation for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
Index 2017=100
IPUIN491110U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.90
Year-over-Year Change
19.48%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the volume of industrial production in the United States. It is a key economic indicator used to assess the health and performance of the manufacturing 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 physical quantity of goods produced by U.S. factories, mines, and utilities. It provides insight into overall industrial activity and capacity utilization, which are important factors for monetary and fiscal policy decisions.
Methodology
The data is collected through monthly surveys of industrial establishments.
Historical Context
Policymakers and analysts monitor this index to gauge the strength of the U.S. economy.
Key Facts
- The index has a base year of 2017, with a value of 100.
- It covers a wide range of industries, including mining, utilities, and manufacturing.
- The index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the 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 is a key indicator of the health and performance of the U.S. industrial sector, providing insights that are important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to gauge the strength of the U.S. economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve, with data typically released a few weeks after the end of each reference month.
Related Trends
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Real Sectoral Output for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110T011000000
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUIN491110U120000000), retrieved from FRED.