Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Nebraska
Annual, Not Seasonally Adjusted
NENDURMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,434.50
Year-over-Year Change
93.25%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the value of new orders for consumer durable goods in the U.S. This metric is a key indicator of consumer demand and economic activity.
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
New orders for consumer durable goods, such as appliances, electronics, and vehicles, represent a significant portion of consumer spending. This data provides insight into the strength of consumer confidence and discretionary purchasing power.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of manufacturers.
Historical Context
Policymakers and analysts use this metric to gauge the health of the broader economy and make informed decisions.
Key Facts
- Consumer durable goods account for over 20% of total consumer spending in the U.S.
- New orders for durable goods have increased by 30% since the COVID-19 pandemic began.
- The durable goods industry employs over 6 million people in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of new orders for consumer durable goods, such as appliances, electronics, and vehicles, in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and discretionary spending, which are key indicators of overall economic health and activity.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of manufacturers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of the broader economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, New Orders for Consumer Goods and Materials: Durable Goods (NENDURMANNGSP), retrieved from FRED.