All Employees: Manufacturing in Rhode Island
Monthly, Not Seasonally Adjusted
RIMFGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.30
Year-over-Year Change
-0.49%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Monthly, Not Seasonally Adjusted' series measures the percent change in manufacturers' new orders for all durable goods. This metric provides insight into the health of the manufacturing sector and broader economic conditions.
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 metric represents the monthly value of new orders received by U.S. manufacturers for durable goods, which are products designed to last three years or more. It is a leading indicator used by economists to assess the direction of the manufacturing industry and overall economic activity.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of manufacturing establishments.
Historical Context
Policymakers and market analysts closely monitor this series to gauge the momentum of the industrial economy.
Key Facts
- Manufacturing new orders rose 0.7% in the latest month.
- Durable goods account for about half of total U.S. manufacturing output.
- The series has shown volatility in recent years due to supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly change in new orders received by U.S. manufacturers for durable goods, which are products designed to last three years or more.
Q: Why is this trend relevant for users or analysts?
A: This metric is a leading indicator that provides insight into the health and direction of the manufacturing sector, a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this series to gauge the momentum of the industrial economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 4-5 weeks. The series may exhibit volatility due to factors like supply chain disruptions.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (RIMFGN), retrieved from FRED.