Linseed Oil Production for United States
Q02132USQ149NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
235.40
Year-over-Year Change
41.64%
Date Range
1/1/1918 - 10/1/1942
Summary
The Linseed Oil Production for United States tracks the total volume of linseed oil produced domestically. This metric is an important indicator of agricultural and industrial activity within the U.S. economy.
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
Linseed oil is a versatile vegetable oil derived from the seeds of the flax plant. It has a wide range of uses, including in paints, varnishes, linoleum, and various food products. Monitoring domestic linseed oil production provides insights into the health of related agricultural and manufacturing industries.
Methodology
The data is collected through surveys of linseed oil producers and processors by the U.S. Department of Agriculture.
Historical Context
Linseed oil production data is closely watched by policymakers, analysts, and industry participants to gauge agricultural trends and economic conditions.
Key Facts
- Linseed oil is a drying oil used in a variety of industrial and consumer products.
- The U.S. is a major global producer and exporter of linseed oil.
- Domestic linseed oil production fluctuates based on growing conditions and demand.
FAQs
Q: What does this economic trend measure?
A: The Linseed Oil Production for United States metric tracks the total volume of linseed oil produced domestically by U.S. manufacturers and processors.
Q: Why is this trend relevant for users or analysts?
A: Linseed oil production data provides important insights into the health of related agricultural and industrial sectors within the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of linseed oil producers and processors by the U.S. Department of Agriculture.
Q: How is this trend used in economic policy?
A: Linseed oil production data is closely monitored by policymakers, analysts, and industry participants to gauge broader agricultural and manufacturing trends.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but may be subject to revisions and can exhibit seasonal fluctuations.
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Citation
U.S. Federal Reserve, Linseed Oil Production for United States (Q02132USQ149NNBR), retrieved from FRED.