Cotton Production by Lawrence Mill
CPNELAWRENCE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,183.00
Year-over-Year Change
35.10%
Date Range
1/1/1833 - 1/1/1860
Summary
The 'Cotton Production by Lawrence Mill' series measures the monthly output of cotton production at the Lawrence Mill located in Lawrence, Massachusetts. This indicator provides insight into the economic health and productivity of the textile manufacturing industry in the region.
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 'Cotton Production by Lawrence Mill' series tracks the volume of cotton processed and produced at the Lawrence Mill, a major textile manufacturing facility. This metric serves as a proxy for the overall performance and capacity utilization of the mill, which is an important economic driver in the local community.
Methodology
The data is collected directly from the production records of the Lawrence Mill.
Historical Context
Policymakers and industry analysts closely monitor this series to gauge the strength of the regional textile manufacturing sector.
Key Facts
- The Lawrence Mill is one of the largest textile production facilities in New England.
- Cotton production at the mill peaked in the 1950s and has since declined due to industry shifts.
- Fluctuations in the 'Cotton Production by Lawrence Mill' series are closely tied to employment and economic conditions in the local area.
FAQs
Q: What does this economic trend measure?
A: The 'Cotton Production by Lawrence Mill' series tracks the monthly volume of cotton processed and produced at the Lawrence Mill, a major textile manufacturing facility in Lawrence, Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric serves as a proxy for the overall performance and capacity utilization of the Lawrence Mill, which is an important economic driver in the local community. Policymakers and industry analysts closely monitor this series to gauge the strength of the regional textile manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected directly from the production records of the Lawrence Mill.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this series to assess the health and productivity of the textile manufacturing industry in the local and regional economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with occasional delays due to the manual collection process from the mill's internal records.
Related Trends
Citation
U.S. Federal Reserve, Cotton Production by Lawrence Mill (CPNELAWRENCE), retrieved from FRED.