Hours Worked for Educational Services: Business, Computer, and Management Training (NAICS 6114) in the United States
Index 2017=100
IPUQN6114L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.61
Year-over-Year Change
19.40%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures manufacturing output in the United States. It is a key economic indicator used by policymakers and analysts to assess the health and performance of the U.S. industrial 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 is a volume index that tracks changes in the total industrial production of U.S. manufacturing industries. It is a widely followed measure of the nation's economic activity and an important input for monetary and fiscal policy decisions.
Methodology
The index is calculated by the U.S. Federal Reserve based on survey data from manufacturing firms.
Historical Context
The Index 2017=100 is closely monitored by economists, market analysts, and government agencies to gauge the strength of the U.S. economy and guide policy responses.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- It tracks output across diverse manufacturing industries like durable goods, nondurable goods, and mining.
- The index is released monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production in the United States manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The index is a widely watched indicator of the health and performance of the U.S. economy, providing insight into the strength of industrial activity.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on survey data from manufacturing firms.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Index 2017=100 to assess the state of the U.S. economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Index 2017=100 is released monthly by the Federal Reserve with a typical delay of around 15 days from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUQN6114L010000000), retrieved from FRED.