Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Denmark
Number, Monthly level, Annual, Not Seasonally Adjusted
ODCNPI03DKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,862.58
Year-over-Year Change
99.77%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the total number of new orders for durable goods, reported monthly on an annual, not seasonally adjusted basis. It serves as a key indicator of overall manufacturing and business activity.
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 new orders for durable goods metric tracks the value of new purchase orders received by U.S. manufacturers for products intended to last three years or more. It provides insight into the health and momentum of the domestic manufacturing sector.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Durable goods orders are closely monitored by economists, policymakers, and market analysts as a leading indicator of broader economic conditions.
Key Facts
- Durable goods are products designed to last 3 years or more.
- New orders data is released monthly by the U.S. Census Bureau.
- This indicator helps forecast future business investment and production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of new orders received by U.S. manufacturers for durable goods - products intended to last three years or more.
Q: Why is this trend relevant for users or analysts?
A: Durable goods orders are a key leading indicator of broader economic conditions, providing insight into the health and momentum of the domestic manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Durable goods orders are closely monitored by economists, policymakers, and market analysts as an important indicator of future business investment and production.
Q: Are there update delays or limitations?
A: The durable goods orders data is released on a monthly basis with a short lag, providing timely information on manufacturing activity.
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Citation
U.S. Federal Reserve, Number, Monthly level, Annual, Not Seasonally Adjusted (ODCNPI03DKA156N), retrieved from FRED.