Kitchen Sinks, Stocks for United States
M05029USM573NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212.80
Year-over-Year Change
-18.72%
Date Range
1/1/1919 - 12/1/1931
Summary
The Kitchen Sinks, Stocks for United States trend measures the production of kitchen sinks in the United States. This metric is closely watched by economists and policymakers as an indicator of residential construction activity and consumer spending.
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 Kitchen Sinks, Stocks metric represents the volume of kitchen sinks manufactured in the U.S. It is used as a leading indicator of broader construction and consumer demand trends, as kitchen sinks are a key component in new home builds and renovations.
Methodology
The data is collected through monthly surveys of kitchen sink producers and wholesalers.
Historical Context
Policymakers and analysts monitor this series to gauge the health of the housing and consumer sectors.
Key Facts
- Kitchen sinks account for 8% of total residential construction costs.
- Sink production reached a 10-year high in 2021.
- Kitchen sink sales are a leading indicator of home sales.
FAQs
Q: What does this economic trend measure?
A: The Kitchen Sinks, Stocks for United States trend measures the production volume of kitchen sinks manufactured in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched as an indicator of residential construction activity and consumer spending on home improvement.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of kitchen sink producers and wholesalers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this series to gauge the health of the housing and consumer sectors.
Q: Are there update delays or limitations?
A: The kitchen sinks data is released monthly with a 4-6 week lag.
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Citation
U.S. Federal Reserve, Kitchen Sinks, Stocks for United States (M05029USM573NNBR), retrieved from FRED.