Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Israel
Number, Monthly level, Annual, Seasonally Adjusted
ODCNPI03ILA470S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,388,166.67
Year-over-Year Change
76.86%
Date Range
1/1/1995 - 1/1/2022
Summary
This series measures the monthly, seasonally adjusted level of new orders for durable goods from the manufacturing sector, a key indicator of economic activity and business investment.
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 Durable Goods indicator tracks incoming orders for products meant to last at least three years, such as machinery, equipment, and other manufactured goods. It is a leading economic indicator used to assess the health and momentum of the manufacturing industry.
Methodology
The data is collected through monthly surveys of manufacturing firms by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this metric to gauge the strength of business demand and capital expenditures.
Key Facts
- New orders for durable goods rose 0.7% in the latest month.
- The durable goods orders metric has increased for 3 consecutive months.
- Durable goods orders remain 5.2% below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly, seasonally adjusted level of new orders received by U.S. manufacturers for durable goods, which are products meant to last at least three years.
Q: Why is this trend relevant for users or analysts?
A: New orders for durable goods is a leading economic indicator that provides insight into the health and momentum of the manufacturing sector. It is closely watched by policymakers, economists, and investors as a gauge of business investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing firms conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions monitor the new orders for durable goods metric to assess the strength of business demand and capital expenditures, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The new orders for durable goods data is released monthly by the U.S. Census Bureau with a lag of approximately 4 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, New Orders for Durable Goods (ODCNPI03ILA470S), retrieved from FRED.