Gross Domestic Product: Manufacturing (31-33) in the District of Columbia
Annual, Not Seasonally Adjusted
DCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
378.10
Year-over-Year Change
35.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Annual, Not Seasonally Adjusted series measures the value of manufacturing new orders, which indicates the strength of demand for manufactured goods. This metric is closely watched by economists as a leading indicator of industrial production and overall 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, Not Seasonally Adjusted series tracks the total value of new orders received by manufacturers each year, without adjusting for typical seasonal variations. This provides insight into broader, long-term trends in manufacturing demand, helping analysts assess the health and direction of the industrial sector.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Policymakers and market participants monitor this indicator to gauge the economic outlook and make informed decisions.
Key Facts
- Manufacturing new orders reached a record high of $5.78 trillion in 2021.
- The series experienced a sharp decline during the COVID-19 pandemic in 2020.
- New orders have rebounded strongly since mid-2020 as the economy has recovered.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total value of new orders received by U.S. manufacturing establishments each year, providing insight into the strength of demand for manufactured goods.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers as a leading gauge of industrial production and overall economic activity. It helps assess the health and direction of the manufacturing sector, which is a critical component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market participants monitor this indicator to gauge the economic outlook and make informed decisions, as manufacturing new orders can signal changes in industrial production, business investment, and overall economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around 6 weeks. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DCMANNGSP), retrieved from FRED.