Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in the District of Columbia
Quarterly, Seasonally Adjusted
DCNDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.62
Year-over-Year Change
54.08%
Date Range
1/1/2005 - 10/1/2021
Summary
The Quarterly, Seasonally Adjusted series measures the output of the U.S. durable manufacturing sector, a key indicator of economic health and business investment.
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 economic indicator tracks the total production of durable goods, which are products designed to last three years or more, such as automobiles, appliances, and machinery. It is a widely-followed measure of manufacturing activity and a leading signal of broader economic trends.
Methodology
The data is collected through surveys of manufacturing establishments and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to gauge the strength of the industrial economy and inform decisions related to monetary policy, trade, and business investment.
Key Facts
- Durable goods account for about 40% of total U.S. manufacturing output.
- The durable manufacturing sector employs over 8 million workers in the U.S.
- Quarterly durable goods production has grown by over 25% since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total output of the U.S. durable manufacturing sector, which includes goods designed to last three years or more, such as automobiles, appliances, and machinery.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic health and business investment, as the production of durable goods signals the strength of the industrial economy and broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of the industrial economy and inform decisions related to monetary policy, trade, and business investment.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (DCNDURMANQQGSP), retrieved from FRED.