Finished Cattle Hide Leather, Stocks in Hands of Tanners for United States
M05090USM408NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.87
Year-over-Year Change
-15.00%
Date Range
12/1/1920 - 12/1/1955
Summary
This economic indicator tracks the inventory levels of finished cattle hide leather held by U.S. tanners. It provides insight into supply and demand dynamics in the leather 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 Finished Cattle Hide Leather, Stocks in Hands of Tanners metric measures the total amount of processed cattle hide leather that is currently in the possession of tanning companies in the United States. This data point is used by economists and industry analysts to assess the balance between leather production and consumption.
Methodology
The data is collected through surveys of tanning businesses by the U.S. Department of Agriculture.
Historical Context
Trends in this metric are monitored by policymakers, industry groups, and market participants to understand conditions in the domestic leather supply chain.
Key Facts
- Cattle hides are a major byproduct of the beef industry.
- The U.S. is a leading producer and exporter of finished leather products.
- Leather stocks can signal inventory buildups or shortages in the supply chain.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total inventory of finished cattle hide leather held by U.S. tanning companies.
Q: Why is this trend relevant for users or analysts?
A: Monitoring leather stocks provides insights into supply and demand dynamics in the domestic leather industry, which is useful for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The U.S. Department of Agriculture collects this data through surveys of leather tanning businesses.
Q: How is this trend used in economic policy?
A: Trends in leather stocks are analyzed by government agencies, industry groups, and market participants to understand conditions in the leather supply chain and broader manufacturing sector.
Q: Are there update delays or limitations?
A: This data is published monthly, but may have a lag of several weeks between the reporting period and public release.
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Citation
U.S. Federal Reserve, Finished Cattle Hide Leather, Stocks in Hands of Tanners for United States (M05090USM408NNBR), retrieved from FRED.