Gross Domestic Product: Manufacturing (31-33) in North Carolina
Annual, Not Seasonally Adjusted
NCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,069.60
Year-over-Year Change
28.45%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the value of new manufacturing orders received by U.S. companies. This metric provides insight into the strength of manufacturing activity and overall economic conditions.
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 data tracks the dollar value of new orders received by manufacturers across a range of industries. This helps analysts and policymakers gauge the health and momentum of the manufacturing sector, a key driver of the U.S. economy.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Trends in new manufacturing orders are closely watched by the Federal Reserve and other economic authorities for insights into production, investment, and potential inflationary pressures.
Key Facts
- Manufacturing accounts for over 11% of U.S. GDP.
- New orders data leads production and employment figures.
- Durable goods orders tend to be more volatile than non-durable.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks the total dollar value of new manufacturing orders received by U.S. companies across a wide range of industries.
Q: Why is this trend relevant for users or analysts?
A: New manufacturing orders are an important leading indicator of production, investment, and overall economic activity. Trends in this data provide insights into the health and momentum of the U.S. manufacturing sector.
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: The Federal Reserve and other policymakers closely monitor new manufacturing orders as a gauge of broader economic conditions, production capacity, and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is published with a delay of several months, as it is based on annual survey results.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCMANNGSP), retrieved from FRED.