Gum Turpentine Stocks in Three Ports for Jacksonville, KY; Savannah, GA; Pensacola, FL
M05032USM536NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.00
Year-over-Year Change
15.79%
Date Range
3/1/1915 - 7/1/1944
Summary
This economic trend measures the monthly inventory levels of gum turpentine stored in three major U.S. ports. It provides insight into the supply and distribution of this important industrial commodity.
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
Gum turpentine is a natural solvent derived from pine tree resin that has numerous industrial applications, such as in paint, varnish, and cleaning products. This series tracks the total volume of gum turpentine held in storage at the ports of Jacksonville, Savannah, and Pensacola, which are key centers for this commodity trade.
Methodology
The data is collected through monthly surveys of commercial storage facilities in these three port cities.
Historical Context
Monitoring gum turpentine stocks can help economists and policymakers assess market conditions and supply chain dynamics for this industrial input.
Key Facts
- Gum turpentine is a key ingredient in paints, varnishes, and cleaning products.
- The three ports tracked account for a majority of U.S. gum turpentine storage and distribution.
- Turpentine stocks can indicate demand for related industrial products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly inventory levels of gum turpentine stored in the major U.S. ports of Jacksonville, Savannah, and Pensacola.
Q: Why is this trend relevant for users or analysts?
A: Monitoring gum turpentine stocks can provide insights into the supply and distribution of this important industrial commodity, which has numerous applications in paints, solvents, and other products.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of commercial storage facilities in these three port cities.
Q: How is this trend used in economic policy?
A: Tracking gum turpentine stocks can help economists and policymakers assess market conditions and supply chain dynamics for this industrial input, which is relevant for industries, trade, and economic performance.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, so there may be a 1-2 month delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, Gum Turpentine Stocks in Three Ports for Jacksonville, KY; Savannah, GA; Pensacola, FL (M05032USM536NNBR), retrieved from FRED.