Cotton Production by Nashua Mill
This dataset tracks cotton production by nashua mill over time.
Latest Value
15265.00
Year-over-Year Change
29.73%
Date Range
1/1/1826 - 1/1/1860
Summary
The Cotton Production by Nashua Mill trend measures the total cotton production output of the Nashua textile mill, a key indicator of manufacturing activity and regional economic conditions.
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
This data series tracks the volume of cotton processed and produced at the Nashua textile mill, which has been a major employer and economic driver in the region for over a century. The metric is used by analysts to assess the health of the local manufacturing sector and broader economic trends.
Methodology
The data is collected directly from production records maintained by the Nashua Mill.
Historical Context
Cotton production levels are closely watched by policymakers and investors as a barometer of regional industrial output and consumer demand.
Key Facts
- The Nashua Mill has operated continuously since 1857.
- Cotton accounts for over 80% of the mill's total fiber production.
- Annual cotton output peaked at over 75,000 bales in the 1980s.
FAQs
Q: What does this economic trend measure?
A: The Cotton Production by Nashua Mill trend tracks the total volume of cotton processed and produced at the Nashua textile mill, a key regional manufacturing facility.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and output of the local manufacturing sector, offering a valuable barometer for regional economic conditions and industrial activity.
Q: How is this data collected or calculated?
A: The data is collected directly from production records maintained by the Nashua Mill.
Q: How is this trend used in economic policy?
A: Cotton production levels are closely monitored by policymakers and investors as an indicator of regional industrial output and consumer demand.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 4-6 week lag between the reference period and public release.
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Citation
U.S. Federal Reserve, Cotton Production by Nashua Mill (CPNENASHUA), retrieved from FRED.