Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in the District of Columbia
Annual, Not Seasonally Adjusted
DCNDURMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205.00
Year-over-Year Change
-4.30%
Date Range
1/1/1997 - 1/1/2023
Summary
The Annual, Not Seasonally Adjusted series measures the value of durable goods manufacturing production in the United States. This metric is a key indicator of economic activity and industrial performance.
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 goods produced by the durable manufacturing sector, which includes industries like machinery, electronics, and transportation equipment. This data provides insight into the overall health and trajectory of the U.S. industrial economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of manufacturing establishments.
Historical Context
Analysts and policymakers monitor this metric to assess the strength of domestic manufacturing and its contribution to economic growth.
Key Facts
- Durable goods manufacturing accounts for over $2 trillion in annual output.
- The sector employs more than 12 million workers in the United States.
- Manufacturing productivity has increased by over 50% in the past two decades.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total value of durable goods produced by the U.S. manufacturing sector, providing insight into industrial activity and output.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and performance of the U.S. industrial economy, which is a major driver of overall economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the strength of domestic manufacturing and its contribution to the broader economy, informing decisions on trade, investment, and economic policy.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted series is released with a lag of several months, and may be subject to revisions as more complete data becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DCNDURMANNGSP), retrieved from FRED.