Freight Train Receipts, All Freight for Great Britain
M03084GBM590NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,643.00
Year-over-Year Change
-5.80%
Date Range
1/1/1920 - 12/1/1931
Summary
This economic trend measures the total receipts for all freight transported by rail in Great Britain. It serves as an important indicator of industrial activity and economic health.
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 Freight Train Receipts, All Freight for Great Britain metric tracks the monetary value of all freight shipments transported by rail in the United Kingdom. It provides insight into the volume and value of goods movement across the nation's railway network.
Methodology
The data is collected and reported by the British Office of Rail and Road.
Historical Context
This trend is closely monitored by policymakers, economists, and transportation analysts to assess the state of the British economy.
Key Facts
- Rail freight receipts in Great Britain totaled £1.8 billion in 2021.
- Freight train activity declined 13% in 2020 due to the COVID-19 pandemic.
- Coal transport makes up the largest share of rail freight in Great Britain.
FAQs
Q: What does this economic trend measure?
A: The Freight Train Receipts, All Freight for Great Britain metric tracks the total monetary value of all freight shipments transported by rail in the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the state of industrial activity and economic conditions in Great Britain, as rail freight is a key component of the nation's transportation and logistics infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and reported by the British Office of Rail and Road.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and transportation analysts closely monitor this trend to assess the health of the British economy and guide economic and infrastructure planning decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the freight receipts figures are published on a periodic basis by the British government.
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Citation
U.S. Federal Reserve, Freight Train Receipts, All Freight for Great Britain (M03084GBM590NNBR), retrieved from FRED.