Total Cotton Production by Mills in New England
This dataset tracks total cotton production by mills in new england over time.
Latest Value
173762.00
Year-over-Year Change
58.19%
Date Range
1/1/1815 - 1/1/1860
Summary
The 'Total Cotton Production by Mills in New England' metric measures the total volume of cotton produced by textile mills in the New England region of the United States. This statistic is closely watched by economists and industry analysts as an indicator of regional manufacturing activity and textile sector health.
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 series tracks the total quantity of raw cotton processed and spun into yarn or fabric by cotton mills located in the New England states. It provides insight into the production capacity and output levels of a historically important regional industry cluster.
Methodology
The data is collected through monthly surveys of cotton-processing facilities in the six-state New England region.
Historical Context
Cotton production figures are used to assess the competitiveness and economic viability of the New England textile industry relative to other U.S. and global manufacturing hubs.
Key Facts
- New England was once the center of the U.S. textile industry.
- Cotton mill output has declined substantially since the mid-20th century.
- Remaining mills focus on high-value specialty fabrics and products.
FAQs
Q: What does this economic trend measure?
A: The 'Total Cotton Production by Mills in New England' metric tracks the total volume of raw cotton processed by textile manufacturing facilities located in the six-state New England region.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insight into the production capacity and competitiveness of the New England textile industry, which was historically a major driver of regional economic activity.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of cotton-processing facilities in the New England states.
Q: How is this trend used in economic policy?
A: Cotton production figures are monitored by policymakers and industry analysts to assess the viability and competitiveness of the New England textile manufacturing sector relative to other regions and global competitors.
Q: Are there update delays or limitations?
A: There may be lags of several months in reporting the latest cotton production data due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Total Cotton Production by Mills in New England (CPNETOTAL), retrieved from FRED.