Value of Total Orders for Manufacturing for Denmark
Annual, Not Seasonally Adjusted
ODMNTO02DKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.46
Year-over-Year Change
26.66%
Date Range
1/1/1985 - 1/1/2012
Summary
This economic trend measures the value of new orders for durable goods, a key indicator of business investment and future 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 Durable Goods New Orders indicator tracks the dollar value of new orders received by manufacturers for delivery of long-lasting consumer and capital goods. It is an important metric for assessing the health of the manufacturing sector and overall business confidence.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
Durable goods orders are closely watched by economists, policymakers, and investors as a forward-looking barometer of economic conditions.
Key Facts
- Durable goods include items like machinery, electronics, and transportation equipment.
- New orders data precedes production, shipments, and inventories.
- Volatile month-to-month, but trends can signal turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the dollar value of new orders received by U.S. manufacturers for delivery of long-lasting consumer and capital goods.
Q: Why is this trend relevant for users or analysts?
A: Durable goods orders are an important leading indicator of business investment and future economic activity, providing insights into manufacturing sector health and overall confidence.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Durable goods orders are closely monitored by economists, policymakers, and investors as a forward-looking barometer of economic conditions and potential turning points in the business cycle.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may experience some delay in reporting, but it remains a timely and influential indicator of manufacturing and broader economic trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ODMNTO02DKA661S), retrieved from FRED.