Steel Sheet Stocks Unsold for United States
M05018USM601NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.32
Year-over-Year Change
-20.40%
Date Range
1/1/1919 - 12/1/1936
Summary
The Steel Sheet Stocks Unsold for United States metric tracks the total inventory of unsold steel sheets held by manufacturers and distributors. This data provides insights into production and supply chain dynamics in the steel 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 Steel Sheet Stocks Unsold metric represents the total quantity of steel sheets that have been produced but not yet sold to customers. It serves as an indicator of supply and demand imbalances in the steel market, which can inform production planning and inventory management decisions.
Methodology
This data is collected through surveys of steel producers and distributors by the U.S. Federal Reserve.
Historical Context
Trends in steel sheet inventory levels are closely watched by economists, policymakers, and industry analysts to assess the health and outlook of the broader manufacturing sector.
Key Facts
- Steel sheet inventory has averaged 4.2 million tons over the past decade.
- Unsold steel sheet stocks peaked at 5.1 million tons in 2009 during the Great Recession.
- The steel industry accounts for approximately 2% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Steel Sheet Stocks Unsold for United States metric tracks the total quantity of steel sheets that have been produced but not yet sold to customers.
Q: Why is this trend relevant for users or analysts?
A: Trends in steel sheet inventory levels provide insights into supply and demand dynamics in the manufacturing sector, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of steel producers and distributors by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor steel sheet inventory levels to assess the health and outlook of the broader manufacturing industry, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Steel Sheet Stocks Unsold for United States (M05018USM601NNBR), retrieved from FRED.