Douglas Fir Lumber Production for United States
M02118USM388NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
196.00
Year-over-Year Change
90.29%
Date Range
1/1/1917 - 12/1/1935
Summary
The Douglas Fir Lumber Production for United States measures the monthly production of Douglas fir lumber, a key indicator of forestry and construction industry 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
This economic indicator tracks the volume of Douglas fir lumber produced in the United States. Douglas fir is a widely used softwood lumber species that is integral to the construction and building materials sectors.
Methodology
The data is collected and reported monthly by the U.S. Department of Agriculture.
Historical Context
Trends in Douglas fir lumber production provide insights into the health of the forestry and construction industries.
Key Facts
- Douglas fir is the most commercially important tree species in the western United States.
- Lumber production accounts for over 75% of the economic value of the U.S. forestry industry.
- The construction sector consumes approximately 70% of U.S. softwood lumber production.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly production volume of Douglas fir lumber, a key softwood species used extensively in construction and building materials.
Q: Why is this trend relevant for users or analysts?
A: Trends in Douglas fir lumber production provide insights into the health and activity of the forestry and construction industries, which are important sectors of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Department of Agriculture.
Q: How is this trend used in economic policy?
A: Monitoring Douglas fir lumber production helps economists and policymakers assess the state of the construction and housing markets, which have significant implications for broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Douglas Fir Lumber Production for United States (M02118USM388NNBR), retrieved from FRED.