Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Luxembourg
Number, Monthly level, Quarterly, Not Seasonally Adjusted
ODCNPI03LUQ180N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
390.00
Year-over-Year Change
-59.26%
Date Range
1/1/1991 - 10/1/2017
Summary
This economic indicator tracks the monthly, quarterly level of output for the U.S. durable consumer goods industry, which is a key component of overall economic activity.
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 Output of Durable Consumer Goods (ODCNPI03LUQ180N) measures the production volume of consumer durable goods, such as appliances, electronics, and furniture. It provides insight into consumer demand and manufacturers' response to changing market conditions.
Methodology
The data is collected through surveys of industrial producers and manufacturers.
Historical Context
Economists and policymakers use this metric to assess the health of the consumer sector and broader economic trends.
Key Facts
- The durable consumer goods industry accounts for over 25% of total U.S. industrial production.
- Output of durable goods tends to be more volatile than non-durable goods, reflecting consumer sensitivity to economic conditions.
- Trends in durable goods production are closely watched as an indicator of consumer confidence and future spending.
FAQs
Q: What does this economic trend measure?
A: The Output of Durable Consumer Goods (ODCNPI03LUQ180N) tracks the monthly and quarterly production volume of consumer durable goods, such as appliances, electronics, and furniture.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and manufacturers' response, making it a key indicator of the health of the consumer sector and broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial producers and manufacturers.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess consumer confidence and future spending, which informs decisions related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately one month, and the quarterly figures are published with the same delay.
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Citation
U.S. Federal Reserve, Output of Durable Consumer Goods (ODCNPI03LUQ180N), retrieved from FRED.