Production: Manufacturing: Consumer Goods: Durable Goods for Austria
Annual, Seasonally Adjusted
PRMNCG02ATA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.38
Year-over-Year Change
20.28%
Date Range
1/1/1996 - 1/1/2022
Summary
This economic trend measures the annual, seasonally adjusted percent change in new orders for non-defense capital goods, excluding aircraft. It serves as an important 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 Annual, Seasonally Adjusted new orders for non-defense capital goods, excluding aircraft, is a key economic indicator that reflects the demand for durable goods used in production and investment. It is closely watched by economists and policymakers as a gauge of business confidence and future economic growth.
Methodology
This data is collected and calculated by the U.S. Census Bureau based on monthly surveys of manufacturing firms.
Historical Context
Policymakers and analysts use this metric to assess the health of the manufacturing sector and make informed decisions about monetary and fiscal policies.
Key Facts
- The data is reported monthly by the U.S. Census Bureau.
- This metric is a leading indicator of future economic growth.
- Declines in new orders can signal a slowdown in business investment.
FAQs
Q: What does this economic trend measure?
A: This metric measures the annual, seasonally adjusted percent change in new orders for non-defense capital goods, excluding aircraft. It reflects the demand for durable goods used in production and investment.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers as a gauge of business confidence and future economic growth. Changes in new orders can signal shifts in the manufacturing sector and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on monthly surveys of manufacturing firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the manufacturing sector and make informed decisions about monetary and fiscal policies that can impact business investment and economic growth.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical delay of several weeks between the reference period and publication.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (PRMNCG02ATA661S), retrieved from FRED.