Nominal Exports of Goods and Services for Australia
Annual, Not Seasonally Adjusted
NXXDCAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
644,133.00
Year-over-Year Change
110.01%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total value of U.S. nominal non-defense capital goods shipments. This data point is a key indicator of business investment and industrial production.
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
This series represents the value of shipments of non-defense capital goods, which includes a wide range of industrial equipment and machinery. It provides insight into the overall level of business investment and the health of the manufacturing sector.
Methodology
The data is collected through surveys of U.S. manufacturers and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the state of the economy and inform decisions on fiscal and monetary policy.
Key Facts
- Annual shipments of non-defense capital goods exceeded $1 trillion in 2022.
- This metric has experienced volatility during periods of economic uncertainty.
- Steady growth in non-defense capital goods shipments is seen as a positive sign for the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of shipments of non-defense capital goods, which includes a wide range of industrial equipment and machinery.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall level of business investment and the health of the manufacturing sector, making it a key indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. manufacturers and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the economy and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NXXDCAUA), retrieved from FRED.