Orders: Manufacturing: Total Orders: Value for Austria
AUTODMNTO02MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,981,890,929.71
Year-over-Year Change
5.23%
Date Range
10/1/1972 - 12/1/2018
Summary
The 'Orders: Manufacturing: Total Orders: Value for Austria' metric tracks the total value of new orders received by manufacturing firms in Austria. This data provides insight into the health and outlook of the Austrian industrial 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
This metric represents the total value of new orders received by Austrian manufacturing companies across all product categories. It is a leading indicator of production, investment, and economic activity, as manufacturers respond to changes in demand by adjusting their order volumes.
Methodology
This data is collected through surveys of Austrian manufacturing firms and aggregated by the Austrian statistical agency.
Historical Context
Policymakers and analysts use this metric to assess the strength of Austrian industrial activity and predict future economic trends.
Key Facts
- Austria is a major industrial economy in Europe.
- Manufacturing accounts for over 20% of Austria's GDP.
- New orders are a leading indicator of future production.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of new orders received by manufacturing firms in Austria across all product categories.
Q: Why is this trend relevant for users or analysts?
A: New manufacturing orders are a leading indicator of production, investment, and economic activity, as firms adjust their order volumes in response to changes in demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Austrian manufacturing firms and aggregated by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Austrian industrial activity and predict future economic trends.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 4-6 weeks.
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Citation
U.S. Federal Reserve, Orders: Manufacturing: Total Orders: Value for Austria (AUTODMNTO02MLSAM), retrieved from FRED.