Production: Manufacturing: Consumer Goods: Non-Durable Goods for Denmark
Quarterly, Seasonally Adjusted
PRMNCG03DKQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
214.77
Year-over-Year Change
83.20%
Date Range
1/1/1985 - 7/1/2023
Summary
This series measures the quarterly, seasonally adjusted value of new orders for non-defense capital goods, excluding aircraft. It is a key indicator of business investment and 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 Quarterly, Seasonally Adjusted New Orders for Non-Defense Capital Goods, Excluding Aircraft measures the total value of new orders received by U.S. manufacturers for capital equipment used in the production process. It is an important leading indicator of business investment and overall economic conditions.
Methodology
The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by economists, policymakers, and investors to gauge the health of the broader economy.
Key Facts
- New orders for non-defense capital goods, excluding aircraft, reached a record high of $82.3 billion in December 2021.
- This series has shown steady growth since the COVID-19 recession, indicating a recovery in business investment.
- The series experienced a sharp decline in early 2020 due to the economic impacts of the pandemic.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of new orders received by U.S. manufacturers for capital equipment used in the production process, excluding defense and aircraft orders.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of business investment and overall economic activity, as it signals the demand for capital goods that drive future production and growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of manufacturing establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this series to gauge the health of the broader economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately six weeks, and it is subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted New Orders for Non-Defense Capital Goods, Excluding Aircraft (PRMNCG03DKQ661S), retrieved from FRED.