Employment for Educational Services: Educational Services (NAICS 611) in the United States
Index 2017=100
IPUQN611W010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.59
Year-over-Year Change
17.04%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures changes in U.S. industrial production over time, a key indicator of economic activity and manufacturing 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 Index 2017=100 tracks monthly changes in the total industrial production of factories, mines, and utilities in the United States. It is a widely followed metric used by policymakers, analysts, and economists to gauge the strength of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial establishments.
Historical Context
The Index 2017=100 is a leading indicator monitored for insights into consumer demand, business investment, and broader economic trends.
Key Facts
- The index base year is 2017.
- The series covers a range from 1972 to present.
- The index reached a record high of 105.1 in January 2022.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the total volume of industrial production, including manufacturing, mining, and utilities, in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a crucial indicator of the health and direction of the U.S. economy, providing insights into consumer demand, business investment, and overall industrial activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of industrial establishments and then calculated into an index with a base year of 2017.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Index 2017=100 to assess the strength of the manufacturing sector, guide monetary and fiscal policies, and make informed decisions about the broader economy.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly by the Federal Reserve, with a typical release lag of around two weeks after the end of the reference month.
Related Trends
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUQN611W010000000), retrieved from FRED.