Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in the District of Columbia
Annual, Not Seasonally Adjusted
DCDURMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.61
Year-over-Year Change
98.11%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total value of durable goods manufacturing production in the United States. This key economic indicator provides insights into the strength of the manufacturing 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 series represents the total value of goods produced by the durable manufacturing industry in the U.S., including products like machinery, electronics, and transportation equipment. It is a widely-tracked measure of industrial activity and a leading indicator of economic health.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Policymakers and analysts closely monitor this metric to assess the performance of the U.S. economy.
Key Facts
- Durable goods account for approximately 20% of total U.S. manufacturing output.
- The durable goods sector employs over 7 million workers in the United States.
- Annual, not seasonally adjusted data is published monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of durable goods manufacturing production in the United States, including products like machinery, electronics, and transportation equipment.
Q: Why is this trend relevant for users or analysts?
A: The durable goods manufacturing industry is a key driver of the U.S. economy, and this metric provides important insights into the strength and performance of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the performance of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DCDURMANQGSP), retrieved from FRED.