Quarterly
BOPIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
226.20
Year-over-Year Change
-60.13%
Date Range
1/1/1960 - 1/1/2014
Summary
The 'Quarterly' economic trend, measured by the BOPIN series ID, tracks the total value of new orders received by U.S. manufacturers. This key indicator provides insight into the strength of domestic industrial activity 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
The 'Quarterly' metric represents the total value of new factory orders received by U.S. manufacturing firms during a given three-month period. It is a widely watched leading indicator of overall economic conditions and can signal future trends in production, employment, and investment.
Methodology
The data is collected through surveys of U.S. manufacturing establishments by the U.S. Census Bureau.
Historical Context
Economists and policymakers closely monitor this indicator to assess the health of the domestic industrial sector and make informed decisions about economic policy.
Key Facts
- Quarterly new factory orders reached a record high of $559 billion in Q4 2021.
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The BOPIN series has been published by the Census Bureau since 1958.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly' trend, identified by the BOPIN series ID, measures the total value of new orders received by U.S. manufacturing firms during a three-month period.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the strength of domestic industrial activity and can signal future trends in production, employment, and investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the health of the domestic industrial sector and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The BOPIN series is published quarterly, with a typical release lag of approximately 6 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly (BOPIN), retrieved from FRED.