Unit Labor Costs for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States
Index 2017=100
IPUIN4931U100000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227.65
Year-over-Year Change
156.41%
Date Range
1/1/1992 - 1/1/2024
Summary
The Index 2017=100 measures overall industrial production in the United States. This broad economic indicator is closely watched by policymakers and analysts to assess the health 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 volume of industrial production, including factories, mines, and utilities. It is a composite index that covers a wide range of industries, providing a comprehensive view of the U.S. industrial economy.
Methodology
The Federal Reserve calculates this index based on monthly surveys of industrial facilities.
Historical Context
The Index 2017=100 is a leading indicator used to inform economic and monetary policy decisions.
Key Facts
- The index base year is 2017.
- Covers a diverse range of industries, from mining to utilities.
- Considered a leading indicator of economic activity.
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 factories, mines, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This broad index is a key indicator of the health and direction of the U.S. manufacturing and industrial sectors, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other policymakers as a leading indicator to inform decisions on monetary policy and broader economic management.
Q: Are there update delays or limitations?
A: The Index 2017=100 is released on a monthly basis by the Federal Reserve, with a typical lag of several weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUIN4931U100000000), retrieved from FRED.