Linseed Oil Shipments for United States
M02157USM149NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.80
Year-over-Year Change
-54.85%
Date Range
7/1/1942 - 12/1/1955
Summary
The Linseed Oil Shipments for United States trend measures the volume of linseed oil exported from the U.S. This data provides insights into the agricultural and industrial sectors.
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
Linseed oil is a versatile vegetable oil derived from flax seeds. The linseed oil shipments metric tracks the quantity of this commodity that is exported from the United States to domestic and international markets.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Linseed oil shipments data is used to analyze trends in agricultural production, international trade, and industrial demand.
Key Facts
- Linseed oil is used in paints, varnishes, linoleum, and other industrial products.
- The U.S. is a major global exporter of linseed oil.
- Linseed oil shipments data can signal changes in agricultural output and international demand.
FAQs
Q: What does this economic trend measure?
A: The Linseed Oil Shipments for United States trend measures the volume of linseed oil exported from the U.S.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the agricultural and industrial sectors, signaling changes in production, trade, and demand for this versatile commodity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Linseed oil shipments data is used by economists and policymakers to analyze trends in agricultural production, international trade, and industrial demand.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Linseed Oil Shipments for United States (M02157USM149NNBR), retrieved from FRED.