Change in Manufacturers' Inventories, Nondurable Goods Industries for United States
M05117USM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-28.00
Year-over-Year Change
600.00%
Date Range
2/1/1947 - 9/1/1968
Summary
This economic indicator measures the monthly change in inventories held by U.S. manufacturers of nondurable goods. It provides insight into production and demand trends in the broader 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
The Change in Manufacturers' Inventories, Nondurable Goods Industries is a key data point that reflects the difference between goods produced and goods sold by U.S. manufacturers of non-durable items like food, clothing, and chemicals. It is used by economists and policymakers to assess current and future economic conditions.
Methodology
The data is collected through monthly surveys of manufacturing firms by the U.S. Census Bureau.
Historical Context
Trends in this indicator can inform monetary and fiscal policy decisions.
Key Facts
- Nondurable goods account for about 30% of total U.S. manufacturing.
- Inventory levels can signal future production and sales trends.
- Monthly data available since 1992.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly change in the level of inventories held by U.S. manufacturers of nondurable goods like food, clothing, and chemicals.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in nondurable goods inventories provides insights into production and demand dynamics, which are useful for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing firms conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Fluctuations in nondurable goods inventories can inform monetary and fiscal policy decisions, as they signal changes in production, consumption, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a lag of approximately 6 weeks.
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Citation
U.S. Federal Reserve, Change in Manufacturers' Inventories, Nondurable Goods Industries for United States (M05117USM144NNBR), retrieved from FRED.