Sales: Manufacturing: Total Manufacturing: Value for Canada
Annual, Seasonally Adjusted
SLMNTO02CAA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,134,586,166.67
Year-over-Year Change
61.28%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the total manufacturing new orders for capital goods in the United States, adjusting for seasonal variations. 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 Annual, Seasonally Adjusted manufacturing new orders for capital goods reflects the total value of new orders placed with domestic manufacturers for items used in the production of goods or services. This metric is closely watched by economists and policymakers as it provides insights into future business investment and the broader health of the U.S. economy.
Methodology
The data is collected through surveys of manufacturing establishments and calculated on an annual basis with seasonal adjustments.
Historical Context
This indicator is used by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Capital goods include items like machinery, equipment, and tools used in production.
- New orders for capital goods are a leading indicator of future business investment.
- Seasonal adjustments help account for typical annual variations in manufacturing activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of new orders placed with U.S. manufacturers for capital goods, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: New orders for capital goods are a key indicator of future business investment and broader economic activity, making this metric closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated on an annual basis with seasonal adjustments.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this indicator to help inform monetary and fiscal policy decisions due to its insights into future business investment and the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: There may be some lag in the reporting of this data, as it requires surveys of manufacturing establishments. Additionally, seasonal adjustments may not fully capture all annual variations in activity.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (SLMNTO02CAA189S), retrieved from FRED.