Production: Manufacturing: Consumer Goods: Durable Goods for Austria
Quarterly, Seasonally Adjusted
PRMNCG02ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.06
Year-over-Year Change
-1.21%
Date Range
1/1/1996 - 7/1/2023
Summary
The Quarterly, Seasonally Adjusted series measures the percent change in manufacturing new orders for non-durable consumer goods. This metric provides insight into consumer demand and production activity within the manufacturing sector.
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, Seasonally Adjusted new orders for non-durable consumer goods is a key indicator of economic health and consumer confidence. It tracks the value of new orders placed with manufacturers for items like clothing, food, and other non-durable products.
Methodology
This data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this metric to assess the direction of the economy and consumer spending patterns.
Key Facts
- Non-durable goods account for about 30% of total U.S. manufacturing output.
- Consumer demand for non-durable goods is sensitive to changes in income and economic conditions.
- Sustained growth in new orders signals expanding production and a strengthening economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly percent change in new orders for non-durable consumer goods like clothing, food, and other perishable products.
Q: Why is this trend relevant for users or analysts?
A: The new orders for non-durable consumer goods is an important indicator of consumer demand and overall economic health. It provides insight into production activity and can signal changes in the direction of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess consumer spending patterns and the overall direction of the economy. It informs decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in publishing the latest quarterly data. The series is also subject to periodic revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (PRMNCG02ATQ661S), retrieved from FRED.