Production: Manufacturing: Investment Goods: Total for Norway
Quarterly, Seasonally Adjusted
NORPRMNVG01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.83
Year-over-Year Change
17.97%
Date Range
1/1/1995 - 7/1/2023
Summary
This quarterly, seasonally adjusted index measures the nominal value of new orders received by U.S. manufacturers, providing insight into economic activity and market demand.
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 New Orders for Nondefense Capital Goods Excluding Aircraft index is a key indicator of business investment and future production. It tracks the value of new orders placed with U.S. manufacturers for capital equipment used in private investment.
Methodology
The data is collected through monthly surveys of manufacturing firms by the U.S. Census Bureau.
Historical Context
This index is closely watched by economists and policymakers to assess the strength of the manufacturing sector and broader business investment.
Key Facts
- The index is seasonally adjusted to account for typical variation in new orders throughout the year.
- Nondefense capital goods exclude aircraft, which can skew the overall trend due to their high value.
- New orders are a leading indicator, signaling future production and investment plans.
FAQs
Q: What does this economic trend measure?
A: The New Orders for Nondefense Capital Goods Excluding Aircraft index measures the nominal value of new orders received by U.S. manufacturers for capital equipment used in private investment.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the strength of business investment and the manufacturing sector, which are key drivers of economic growth. It is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess the health of the manufacturing sector and broader business investment, which informs economic forecasting and policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, New Orders for Nondefense Capital Goods Excluding Aircraft (NORPRMNVG01IXOBSAQ), retrieved from FRED.