Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Connecticut
Annual, Not Seasonally Adjusted
CTDURMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,751.40
Year-over-Year Change
50.67%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the annual total value of durable goods manufacturing output in the United States. This key economic indicator provides insight into the health and production capacity of the US manufacturing 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 'Annual, Not Seasonally Adjusted' series represents the total value of durable goods produced by US manufacturing industries over a 12-month period. Durable goods are products designed to last at least 3 years, such as automobiles, appliances, and machinery. This data is used by economists and policymakers to analyze long-term trends in manufacturing productivity and investment.
Methodology
The data is collected through surveys of US manufacturing establishments by the US Census Bureau.
Historical Context
Trends in durable goods manufacturing output are closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Durable goods account for about 40% of total US manufacturing output.
- The durable goods sector employs over 8 million US workers.
- Annual durable goods production has grown by over 50% since 2009.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total value of durable goods produced by US manufacturing industries over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Trends in durable goods manufacturing output provide important insights into the health and productivity of the broader US industrial sector, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of US manufacturing establishments conducted by the US Census Bureau.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic institutions closely monitor durable goods manufacturing output to inform monetary and fiscal policy decisions that impact employment, investment, and overall economic growth.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is published with a several month delay, so it may not fully reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CTDURMANNGSP), retrieved from FRED.