Cotton Production by Naumkeag Mill
CPNENAUMKEAG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,539.00
Year-over-Year Change
13.57%
Date Range
1/1/1848 - 1/1/1860
Summary
The Cotton Production by Naumkeag Mill trend measures the output of cotton textiles produced by the historic Naumkeag Mill in Massachusetts. This metric is important for analyzing the performance and competitiveness of the U.S. textile industry.
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 Cotton Production by Naumkeag Mill data series tracks the total volume of cotton fabrics, yarns, and other textile products manufactured at the Naumkeag Mill, which was a major producer in the U.S. during the late 19th and early 20th centuries. This metric provides insight into the production capacity and market share of one of the largest textile mills in the region.
Methodology
The data is collected through surveys of the Naumkeag Mill's production records.
Historical Context
Trends in cotton production are closely monitored by policymakers and industry analysts to assess the health and competitiveness of the U.S. textile manufacturing sector.
Key Facts
- Naumkeag Mill was one of the largest textile producers in the U.S. during the late 1800s.
- Cotton production peaked at the Naumkeag Mill in the 1920s.
- The mill closed in the 1970s due to increasing foreign competition.
FAQs
Q: What does this economic trend measure?
A: The Cotton Production by Naumkeag Mill trend measures the total volume of cotton textiles, including fabrics and yarns, produced at the historic Naumkeag Mill in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the production capacity and market share of a major U.S. textile manufacturer, which is important for analyzing the performance and competitiveness of the domestic textile industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of the Naumkeag Mill's production records.
Q: How is this trend used in economic policy?
A: Trends in cotton production are closely monitored by policymakers and industry analysts to assess the health and competitiveness of the U.S. textile manufacturing sector.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and potential limitations in the coverage of the Naumkeag Mill's full production history.
Related Trends
Citation
U.S. Federal Reserve, Cotton Production by Naumkeag Mill (CPNENAUMKEAG), retrieved from FRED.