Gross Domestic Product: Manufacturing (31-33) in Oregon
Annual, Not Seasonally Adjusted
ORMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,175.90
Year-over-Year Change
48.69%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total value of orders received by U.S. manufacturers. It is an important indicator of the overall health and activity in the manufacturing sector.
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 'Annual, Not Seasonally Adjusted' series tracks the total dollar value of new orders placed with domestic manufacturers. This provides insight into the current state of manufacturing demand and production capacity utilization.
Methodology
The data is collected through surveys of manufacturing firms by the U.S. Census Bureau.
Historical Context
Manufacturers' new orders data is closely watched by economists and policymakers as a leading indicator of economic conditions.
Key Facts
- Manufacturing makes up about 11% of U.S. GDP.
- New orders indicate future production and shipments.
- The series dates back to 1958.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total value of new orders received by U.S. manufacturing firms in a given year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the current state of manufacturing demand and production, which is an important leading indicator of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Manufacturers' new orders data is closely watched by economists and policymakers as an indicator of the health of the manufacturing sector and the broader economy.
Q: Are there update delays or limitations?
A: The annual data has a delay of several months, as it is compiled from monthly surveys.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ORMANNGSP), retrieved from FRED.