Manufacture Orders - Durable Goods
Returns new orders for durable goods (manufactured products expected to last 3+ years) in millions of dollars.
Data Details
| Attribute | Value |
|---|---|
| Source | Census Bureau / FRED |
| Frequency | Monthly |
| Unit | Millions of USD |
| Coverage | Durable goods manufacturing |
Notes
- Durable goods include items like machinery, vehicles, appliances
- Highly volatile due to large aircraft and defense orders
- Leading indicator of manufacturing activity
Examples
Current durable goods orders
=ManufactureOrdersDurables()/1000Defense + aircraft portion
When to Use
- Tracking manufacturing demand
- Analyzing business investment trends
- Economic forecasting
- Leading indicator analysis
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need core capital goods (ex-defense, ex-aircraft) | ManufactureOrdersNondefenseCapitalGoods() |
| Need production output | IndustrialProduction() |
| Need inventory levels | Inventories() |
Common Issues & FAQ
Q: What unit is the result in? A: Millions of U.S. dollars.
Q: Why is this data so volatile? A: Large aircraft orders (Boeing) can cause big swings month-to-month. Use nondefense capital goods for a smoother series.
Q: What counts as durable goods? A: Products expected to last 3+ years: vehicles, machinery, appliances, aircraft, etc.
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