Stocks, Cleveland Pig Iron for Cleveland or Middlesbrough District, Great Britain
M05F9AGB36000M576NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
294.30
Year-over-Year Change
5.45%
Date Range
11/1/1878 - 9/1/1896
Summary
This economic trend measures the price of pig iron, a key raw material for steel production, in the Cleveland or Middlesbrough district of Great Britain. It provides insight into industrial activity and global commodity markets.
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 Stocks, Cleveland Pig Iron for Cleveland or Middlesbrough District, Great Britain series tracks the monthly price of pig iron, an important input for steel manufacturing, in a major industrial center of the United Kingdom. It serves as an indicator of supply and demand conditions in the British iron and steel industry.
Methodology
The data is collected through surveys of producers and distributors in the Cleveland and Middlesbrough regions.
Historical Context
This trend is closely watched by economists, policymakers, and industry analysts to assess the health of the British manufacturing sector and global commodity markets.
Key Facts
- Pig iron is a key input for steel production.
- Cleveland and Middlesbrough were major industrial centers in 19th/20th century Britain.
- Pig iron prices can signal changes in global industrial activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly price of pig iron, a crucial raw material for steel manufacturing, in the Cleveland or Middlesbrough district of Great Britain.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the health of the British industrial sector and global commodity markets, as pig iron is a key input for steel production.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and distributors in the Cleveland and Middlesbrough regions.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts closely monitor this trend to assess the state of the British manufacturing sector and global commodity markets.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the geographic scope is limited to the Cleveland and Middlesbrough districts.
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Citation
U.S. Federal Reserve, Stocks, Cleveland Pig Iron for Cleveland or Middlesbrough District, Great Britain (M05F9AGB36000M576NNBR), retrieved from FRED.