Quarterly
PRCNDW01SEQ470N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,380.00
Year-over-Year Change
27.37%
Date Range
1/1/1975 - 10/1/2013
Summary
This series measures inflation-adjusted new orders for durable goods in the United States on a quarterly basis. It is a key indicator of business investment and economic 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 Quarterly Real Durable Goods New Orders series tracks the inflation-adjusted value of new orders received by U.S. manufacturers for goods intended to last three years or more. It is a widely followed metric for gauging the health of the manufacturing sector and overall economic conditions.
Methodology
The data is collected through monthly surveys of manufacturing firms and adjusted for seasonal variations and inflation.
Historical Context
The new orders trend is closely monitored by economists, policymakers, and investors as a forward-looking indicator of business investment and economic growth.
Key Facts
- New orders for durable goods account for about 40% of total manufacturing output.
- The durable goods orders trend is considered a leading indicator of the business cycle.
- Volatile month-to-month data is often analyzed using a 3-month moving average.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Real Durable Goods New Orders series tracks the inflation-adjusted value of new orders received by U.S. manufacturers for goods intended to last three years or more.
Q: Why is this trend relevant for users or analysts?
A: New orders for durable goods are a key indicator of business investment and the overall health of the manufacturing sector, making this trend closely watched by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing firms and adjusted for seasonal variations and inflation.
Q: How is this trend used in economic policy?
A: The new orders trend is used by the Federal Reserve and other policymakers as a forward-looking indicator of business investment and economic growth when making decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks, and the volatile nature of the monthly figures often requires analysis using 3-month moving averages.
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Citation
U.S. Federal Reserve, Quarterly Real Durable Goods New Orders (PRCNDW01SEQ470N), retrieved from FRED.