Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Connecticut
Annual, Not Seasonally Adjusted
CTDURMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.07
Year-over-Year Change
16.26%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted value of durable goods manufacturing shipments in the United States. It provides important insights into the overall health and performance of the 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 for Durable Goods Manufacturing Shipments tracks the dollar value of shipments for durable goods produced in the U.S. This metric is a key indicator of manufacturing activity and business investment in the economy.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this metric to assess the strength of the manufacturing industry and broader economic conditions.
Key Facts
- Durable goods include products designed to last more than 3 years.
- Shipments track the value of goods leaving manufacturing facilities.
- This metric excludes seasonal adjustments to isolate annual trends.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted value of durable goods manufacturing shipments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health and performance of the manufacturing sector, which is a key driver of economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the strength of the manufacturing industry and broader economic conditions.
Q: Are there update delays or limitations?
A: There may be update delays as the data is collected through monthly surveys, and the annual, not seasonally adjusted nature of the series excludes short-term fluctuations.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CTDURMANQGSP), retrieved from FRED.