Quarterly, Seasonally Adjusted
ODCNPI02PTQ489S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,362.41
Year-over-Year Change
-37.93%
Date Range
1/1/1994 - 10/1/2013
Summary
The Quarterly, Seasonally Adjusted economic trend measures the value of U.S. shipments of defense and space equipment, providing insights into a key sector of the 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 economic indicator tracks the shipment of defense and space equipment, which is an important component of U.S. manufacturing and industrial activity. It is widely used by economists and policymakers to assess the health and performance of the defense industry.
Methodology
The data is collected through surveys of manufacturing establishments and compiled by the U.S. Census Bureau.
Historical Context
Trends in defense and space equipment shipments are closely monitored by government agencies, military contractors, and investors to understand the broader economic implications.
Key Facts
- The defense and space equipment industry is a major employer in the U.S., accounting for over 1 million jobs.
- Shipments of defense and space equipment have shown steady growth over the past decade, reflecting increased government spending in this sector.
- The COVID-19 pandemic had a relatively muted impact on this industry compared to other manufacturing sectors.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures the value of U.S. shipments of defense and space equipment, providing insights into the performance of this key manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the health and activity of the defense and space equipment industry, which is a significant component of the U.S. manufacturing base and a major driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in defense and space equipment shipments are closely monitored by government agencies, military contractors, and investors to assess the broader economic implications and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical release delay of approximately two months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (ODCNPI02PTQ489S), retrieved from FRED.