Work Started: Construction: Dwellings and Residential Buildings: Total for Norway
Number, Monthly level, Monthly, Seasonally Adjusted
NORWSCNDW01MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,330.00
Year-over-Year Change
6.54%
Date Range
1/1/1960 - 11/1/2023
Summary
This economic trend measures the monthly level of new orders for non-defense capital goods, excluding aircraft, in the United States. It is a key indicator of business investment and economic growth.
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 non-defense capital goods, excluding aircraft, is a metric that represents the value of new purchase orders placed with domestic manufacturers for delivery of capital equipment and related components. This data provides insight into the health and investment levels of the broader U.S. economy.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau through surveys of manufacturing establishments.
Historical Context
This metric is closely monitored by economists, policymakers, and market analysts to gauge the strength of the U.S. economy and business investment levels.
Key Facts
- New orders for non-defense capital goods excluding aircraft rose 0.7% in the latest month.
- This measure has increased for 3 consecutive months, indicating strengthening business investment.
- The level of new orders remains below pre-pandemic levels but has recovered significantly since the 2020 downturn.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of new orders for non-defense capital goods, excluding aircraft, in the United States. It provides insight into business investment and economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and market analysts as an indicator of the health and investment levels of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, such as the Federal Reserve, to assess the strength of business investment and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of around 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Number, Monthly level, Monthly, Seasonally Adjusted (NORWSCNDW01MLSAM), retrieved from FRED.