Labor Compensation: Earnings: Manufacturing: Hourly for Canada
Growth rate same period previous year, Annual, Seasonally Adjusted
LCEAMN01CAA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.45
Year-over-Year Change
-15.44%
Date Range
1/1/1956 - 1/1/2024
Summary
This economic trend measures the annual growth rate of manufacturing new orders, providing insight into the strength and trajectory 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
The growth rate same period previous year is a key economic indicator that compares current manufacturing new orders to the same period one year prior, adjusting for seasonal variations. This metric helps analysts and policymakers understand the pace of manufacturing activity and industrial production.
Methodology
The data is collected by the U.S. Census Bureau through monthly surveys of manufacturing establishments.
Historical Context
Manufacturing new orders growth is closely watched by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The series dates back to 1992.
- Manufacturing accounts for over 11% of U.S. GDP.
- New orders growth signals future production and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of manufacturing new orders, providing insight into the strength and trajectory of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing new orders growth is a leading indicator of industrial production and economic activity, making it highly relevant for analysts, economists, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Manufacturing new orders growth is closely watched by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (LCEAMN01CAA659S), retrieved from FRED.