Hourly Compensation for Transportation and Warehousing: Warehousing and Storage (NAICS 493) in the United States
Index 2017=100
IPUIN493U120000000 • 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 Index 2017=100 measures the total output of the U.S. industrial sector, serving as a key indicator of the overall health and direction 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 is a widely-followed metric that tracks changes in the total industrial production of U.S. manufacturing, mining, and utilities sectors. It is a critical economic indicator used to gauge the strength and trajectory of the country's industrial base.
Methodology
The data is collected and calculated monthly by the U.S. Federal Reserve based on surveys of industrial establishments.
Historical Context
The Index 2017=100 informs policymakers and investors about the current state and near-term outlook for the U.S. industrial economy.
Key Facts
- The index uses 2017 as the base year, with a value of 100.
- Industrial production accounts for around 20% of U.S. GDP.
- 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 output from the U.S. industrial sector, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a closely watched indicator of the health and direction of the U.S. economy, providing insight into the performance of a critical segment of economic activity.
Q: How is this data collected or calculated?
A: The Federal Reserve collects monthly survey data from industrial establishments to calculate the Index 2017=100.
Q: How is this trend used in economic policy?
A: The index informs policymakers and investors about the current state and near-term outlook for the U.S. industrial economy, which can influence monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of around two weeks, and may be subject to revisions as more data becomes available.
Related Trends
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IPUIN482111W001000000
Hours Worked for Transportation and Warehousing: Support Activities for Water Transportation (NAICS 4883) in the United States
IPUIN4883L010000000
Employment for Transportation and Warehousing: Other Support Activities for Transportation (NAICS 4889) in the United States
IPUIN4889W201000000
Sectoral Output Price Deflator for Transportation and Warehousing: Postal Service (NAICS 4911) in the United States
IPUIN4911T051000000
Unit Labor Costs for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230U100000000
Hours Worked for Transportation and Warehousing: Support Activities for Rail Transportation (NAICS 488210) in the United States
IPUIN488210L010000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUIN493U120000000), retrieved from FRED.