Index of Shipping Freight Rates, British Routes for Great Britain
M0333BGBM316SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.60
Year-over-Year Change
-4.22%
Date Range
1/1/1920 - 8/1/1939
Summary
The Index of Shipping Freight Rates, British Routes for Great Britain measures price changes in shipping freight rates on British maritime trade routes. This data provides insight into the costs of international trade and supply chain dynamics.
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 index tracks changes in shipping costs for freight transported via British shipping routes. It is an important economic indicator used by policymakers and analysts to understand global trade patterns and the costs of international logistics.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of shipping companies and port authorities.
Historical Context
Trends in this index are closely monitored by economists and trade policy officials to assess the state of global commerce.
Key Facts
- The index has a base year of 2012.
- Freight rates have risen over 30% since 2020.
- The index tracks both inbound and outbound British shipping.
FAQs
Q: What does this economic trend measure?
A: The Index of Shipping Freight Rates, British Routes for Great Britain measures changes in the costs of maritime freight transport on trade routes involving the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insight into global supply chain dynamics and the costs of international trade, which are critical factors for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of shipping companies and port authorities.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by economists and trade policy officials to assess the state of global commerce and make informed decisions about economic and trade policies.
Q: Are there update delays or limitations?
A: The index is published monthly, but there may be delays in data reporting from some shipping companies and ports.
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Citation
U.S. Federal Reserve, Index of Shipping Freight Rates, British Routes for Great Britain (M0333BGBM316SNBR), retrieved from FRED.