Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in South Carolina
Quarterly, Seasonally Adjusted Annual Rate
SCNDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,671.00
Year-over-Year Change
19.10%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (SAAR) measures the annualized pace of change in US durable goods manufacturing new orders, a key indicator of economic activity and 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
This series represents the total dollar value of new orders received by U.S. durable goods manufacturers, adjusted for seasonal variations and expressed as an annualized rate. It is a leading indicator of business investment and economic growth.
Methodology
The data is collected through monthly surveys of durable goods manufacturers and calculated by the U.S. Census Bureau.
Historical Context
Economists and policymakers closely monitor durable goods orders to assess the health of the manufacturing sector and broader economy.
Key Facts
- Durable goods account for roughly half of total U.S. manufacturing output.
- New orders for durable goods can signal future business investment and economic activity.
- The durable goods orders metric excludes volatile transportation orders for a clearer signal.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (SAAR) tracks the annualized pace of change in new orders received by U.S. durable goods manufacturers.
Q: Why is this trend relevant for users or analysts?
A: Durable goods orders are a leading indicator of business investment and overall economic activity, providing insight into the health of the manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of durable goods manufacturers and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor durable goods orders to assess the strength of the manufacturing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Census Bureau with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (SCNDURMANNQGSP), retrieved from FRED.