Sold Steel Sheet Stocks for United States
M05085USM601NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.50
Year-over-Year Change
-2.25%
Date Range
2/1/1919 - 12/1/1936
Summary
The Sold Steel Sheet Stocks for United States measures the total inventory of steel sheet products held by U.S. companies. This metric provides insights into domestic steel supply and demand dynamics.
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
Steel sheet stocks represent the quantity of flat-rolled steel products available for sale. Analyzing trends in this data can help economists and policymakers assess the health of the U.S. steel industry and broader manufacturing sector.
Methodology
The data is collected through monthly surveys of steel producers and distributors.
Historical Context
Sold steel sheet stocks are a key indicator for the U.S. Department of Commerce and Federal Reserve in monitoring industrial output and economic conditions.
Key Facts
- Steel sheet products account for over 50% of total U.S. steel shipments.
- Sold steel sheet stocks reached a 10-year high in 2021.
- Inventory levels are a leading indicator of future steel demand.
FAQs
Q: What does this economic trend measure?
A: The Sold Steel Sheet Stocks for United States measures the total inventory of flat-rolled steel products held by U.S. companies for sale.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into domestic steel supply and demand dynamics, which is crucial for assessing the health of the U.S. manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of steel producers and distributors in the United States.
Q: How is this trend used in economic policy?
A: Sold steel sheet stocks are a key indicator used by the U.S. Department of Commerce and Federal Reserve to monitor industrial output and economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Sold Steel Sheet Stocks for United States (M05085USM601NNBR), retrieved from FRED.