Raw Silk Stocks at Warehouses for New York, NY and Hoboken, NJ
M05036USM587NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.00
Year-over-Year Change
15.14%
Date Range
12/1/1919 - 8/1/1941
Summary
This economic trend measures the total volume of raw silk stored in warehouses in New York, NY and Hoboken, NJ. It provides insight into the supply and demand dynamics of this important textile material.
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 raw silk stocks metric tracks the inventory levels of unprocessed silk held in warehouses serving the major silk import and processing centers of New York and Hoboken. This data point is closely watched by textile industry analysts and policymakers to gauge the health of the domestic silk supply chain.
Methodology
The data is collected through monthly surveys of warehouses in the target locations.
Historical Context
This trend is a key input for economists and market analysts assessing the state of the U.S. textile industry and international trade in silk.
Key Facts
- New York and Hoboken are major U.S. silk import and processing hubs.
- Silk is a high-value natural textile fiber with diverse industrial and consumer uses.
- Raw silk inventory levels signal the balance of global silk supply and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of raw, unprocessed silk stored in warehouses located in New York, NY and Hoboken, NJ.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the supply and demand dynamics of the silk textile industry, which is a key part of the global trade in natural fibers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of warehouses in the target locations.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess the health of the U.S. textile industry and international trade flows in silk.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 4-6 week delay.
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Citation
U.S. Federal Reserve, Raw Silk Stocks at Warehouses for New York, NY and Hoboken, NJ (M05036USM587NNBR), retrieved from FRED.