Tonnage of Vessels Under Construction, Less Suspensions for Great Britain and Ireland
Q0299AGBQ561NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
788.90
Year-over-Year Change
-6.75%
Date Range
1/1/1888 - 4/1/1939
Summary
This economic trend measures the total tonnage of vessels under construction, excluding suspensions, in Great Britain and Ireland. It provides insight into the shipbuilding industry and broader economic activity.
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 tonnage of vessels under construction is an important indicator of economic activity and future output in the shipbuilding sector. It represents orders for new ships and vessels, reflecting demand and investment in the industry.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
This trend is used by economists and policymakers to assess the state of the maritime industry and broader economic conditions.
Key Facts
- The data is reported monthly.
- Tonnage reflects the size and capacity of vessels under construction.
- Suspensions are excluded to focus on active production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tonnage of vessels, including ships and other maritime craft, that are currently under construction in Great Britain and Ireland, excluding any suspensions or delays.
Q: Why is this trend relevant for users or analysts?
A: The tonnage of vessels under construction is an important indicator of activity and investment in the shipbuilding industry, which has broad implications for the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the state of the maritime industry and broader economic conditions, as it reflects demand, investment, and production in the shipbuilding sector.
Q: Are there update delays or limitations?
A: The data is reported monthly, with potential lags in reporting and collection.
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Citation
U.S. Federal Reserve, Tonnage of Vessels Under Construction, Less Suspensions for Great Britain and Ireland (Q0299AGBQ561NNBR), retrieved from FRED.