Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Finland
Quarterly, Seasonally Adjusted
FINPROCONQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.35
Year-over-Year Change
-7.08%
Date Range
1/1/1995 - 1/1/2024
Summary
The Quarterly, Seasonally Adjusted series measures the production volume of consumer durable goods in the U.S. This key economic indicator provides insights into consumer spending and manufacturing 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 Quarterly, Seasonally Adjusted series tracks the manufacturing production of consumer durable goods, which are products designed to last more than three years, such as automobiles, appliances, and electronics. This data is used by economists and policymakers to assess the health of the U.S. consumer sector and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Historical Context
Consumer durable goods production is closely monitored as it reflects consumer confidence and spending patterns, which are important drivers of economic growth.
Key Facts
- Consumer durable goods account for about 20% of total consumer spending in the U.S.
- Peaks and troughs in consumer durable goods production often precede broader economic cycles.
- The COVID-19 pandemic caused a sharp decline in consumer durable goods production in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the production volume of consumer durable goods in the United States, including products like automobiles, appliances, and electronics.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer spending patterns and the health of the manufacturing sector, which are important factors for understanding the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: Consumer durable goods production is closely monitored by economists and policymakers as it reflects consumer confidence and spending, which are key drivers of economic growth.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is published by the Federal Reserve on a regular schedule, with some potential for short delays in data availability.
Related Trends
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Finland
FINB6FATT01NCCUQ
Infra-Annual Labor Statistics: Inactivity Rate Female: From 15 to 74 Years for Finland
LRIN74FEFIQ156S
Consumer Price Index: OECD Groups: Housing: Total for Finland
FINCPGRHO01GPM
Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for Finland
LORSGPORFIQ661S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Finland
LRHU24FEFIM156S
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Finland
LFEM55FEFIA647N
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (FINPROCONQISMEI), retrieved from FRED.