Labor Compensation for Private Nonfarm in Wisconsin
Index 2017=100
IPUZNU110550000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.17
Year-over-Year Change
66.81%
Date Range
1/1/2007 - 1/1/2024
Summary
The Index 2017=100 measures the total industrial production in the United States. It is a key indicator of the health and direction of the U.S. 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
This index tracks the total volume of output from U.S. manufacturers, mines, and utilities. It is a widely followed metric that provides insight into the overall strength of industrial activity and production in the country.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
Economists and policymakers closely monitor the Index 2017=100 to assess the state of the industrial sector and broader economic conditions.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- The index covers a range of industries including mining, utilities, and factories.
- Sustained increases in the index signal a growing industrial economy.
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 manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of the health and direction of the U.S. economy, providing insight into the overall strength of industrial activity and production.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the Index 2017=100 to assess the state of the industrial sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release delay of around two weeks.
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Citation
U.S. Federal Reserve, Index 2017=100 (IPUZNU110550000), retrieved from FRED.