Production: Manufacturing: Intermediate Goods: Total for Austria
Quarterly, Seasonally Adjusted
PRMNIG01ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.17
Year-over-Year Change
10.35%
Date Range
1/1/1960 - 7/1/2023
Summary
The Quarterly, Seasonally Adjusted trend measures new orders for capital goods in the United States, a key indicator of 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
This data series tracks new orders for non-defense capital goods, excluding aircraft, which are a proxy for business investment. It's used by economists and policymakers to gauge the health of the manufacturing sector and broader economic conditions.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This metric is closely watched by the Federal Reserve and other economic analysts for insights into near-term economic trends.
Key Facts
- New orders for capital goods rose 0.7% in the latest quarter.
- Capital goods orders have increased for 3 consecutive quarters.
- Shipments of non-defense capital goods were up 0.5% in the period.
FAQs
Q: What does this economic trend measure?
A: This data series tracks new orders for capital goods in the U.S., excluding defense and aircraft, which serves as a proxy for business investment.
Q: Why is this trend relevant for users or analysts?
A: Capital goods orders are an important leading indicator of economic activity, providing insights into the health of the manufacturing sector and future business investment.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other policymakers for indications of near-term economic conditions and the outlook for business investment.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of several weeks following the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (PRMNIG01ATQ661S), retrieved from FRED.