Hourly Compensation for Transportation and Warehousing: Warehousing and Storage (NAICS 4931) in the United States
Index 2017=100
IPUIN4931U120000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.81
Year-over-Year Change
35.01%
Date Range
1/1/1992 - 1/1/2024
Summary
The Industrial Production Index (2017=100) tracks changes in the volume of industrial production, including manufacturing, mining, and utilities. It's a key economic indicator used to assess overall industrial activity and economic health.
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 Industrial Production Index (2017=100) is a monthly economic indicator published by the Federal Reserve. It measures the real output of manufacturing, mining, and electric and gas utilities industries, providing insight into the health of the industrial sector.
Methodology
The data is collected through surveys of industrial facilities and calculated using a Fisher index formula.
Historical Context
Policymakers and analysts monitor this index to gauge the pace of economic growth and inform monetary and fiscal policy decisions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Industrial production accounts for about 16% of the U.S. economy.
- The index covers a wide range of industries, from mining to utilities.
FAQs
Q: What does this economic trend measure?
A: The Industrial Production Index (2017=100) measures the real output of the industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of overall economic health and industrial activity, providing insight into the pace of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial facilities and calculated using a Fisher index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to gauge the state of the industrial sector and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index is published monthly, with a typical release delay of around six weeks.
Related Trends
Hours Worked for Transportation and Warehousing: General Warehousing and Storage (NAICS 49311) in the United States
IPUIN49311L200000000
Output per Worker for Transportation and Warehousing: Postal Service (NAICS 4911) in the United States
IPUIN4911W000000000
Intermediate Inputs Productivity for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111P001000000
Hours Worked for Transportation and Warehousing: Rail Transportation (NAICS 482) in the United States
IPUIN482L200000000
Employment for Transportation and Warehousing: Support Activities for Rail Transportation (NAICS 48821) in the United States
IPUIN48821W201000000
Sectoral Output for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
IPUIN491T301000000
Citation
U.S. Federal Reserve, Industrial Production Index (2017=100) (IPUIN4931U120000000), retrieved from FRED.