Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia
Number, Monthly level, Quarterly, Not Seasonally Adjusted
ODCNPI03AUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,669.67
Year-over-Year Change
-6.37%
Date Range
1/1/1960 - 4/1/2018
Summary
This economic indicator tracks the monthly, quarterly level of Orders of Durable Goods - Nondefense, Nonaircraft, Capital Goods in the United States. It's a key metric for monitoring business investment and economic growth.
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 Orders of Durable Goods - Nondefense, Nonaircraft, Capital Goods indicator provides insights into manufacturing activity and business confidence. It measures new orders placed with domestic manufacturers for delivery of capital equipment and related components.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
This indicator is closely watched by economists, policymakers, and market analysts to assess the health of the U.S. economy.
Key Facts
- The data is reported monthly by the U.S. Census Bureau.
- Capital goods orders are a leading indicator of business investment.
- This metric helps gauge the strength of the manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly and quarterly level of new orders placed with domestic manufacturers for delivery of capital equipment and related components, excluding defense and aircraft.
Q: Why is this trend relevant for users or analysts?
A: Orders for durable goods, especially capital goods, are a key indicator of business investment and economic growth. This metric provides insights into manufacturing activity and business confidence.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the health of the U.S. economy and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is reported monthly with a slight delay, as it takes time for the Census Bureau to collect and compile the information from manufacturing establishments.
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Citation
U.S. Federal Reserve, Number, Monthly level, Quarterly, Not Seasonally Adjusted (ODCNPI03AUQ156N), retrieved from FRED.