Tonnage of Vessels Under Construction for Great Britain and Ireland
Q02099GBQ561NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
791.50
Year-over-Year Change
-6.74%
Date Range
1/1/1882 - 4/1/1939
Summary
The 'Tonnage of Vessels Under Construction for Great Britain and Ireland' measures the total gross tonnage of merchant ships and other vessels being built in shipyards across Great Britain and Ireland. This metric is a key indicator of shipbuilding activity and industrial production in the maritime sector.
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 series tracks the total capacity of ships and vessels currently under construction in the UK and Ireland. It provides insight into the health and outlook of the shipbuilding industry, which is an important component of the manufacturing and transportation sectors.
Methodology
The data is collected through surveys of shipyards and other construction facilities.
Historical Context
Policymakers and analysts use this metric to assess the state of the maritime industry and forecast future economic trends.
Key Facts
- Shipbuilding is a key driver of manufacturing and transportation activity.
- The UK and Ireland are major global centers for commercial shipbuilding.
- This metric tracks the total capacity of vessels currently under construction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross tonnage of merchant ships, commercial vessels, and other maritime craft that are currently under construction in shipyards across Great Britain and Ireland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and outlook of the shipbuilding industry, which is an important component of the manufacturing and transportation sectors. It serves as a leading indicator of future economic activity in maritime-related industries.
Q: How is this data collected or calculated?
A: The data is collected through direct surveys of shipyards and other maritime construction facilities located in Great Britain and Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the state of the maritime sector and forecast future trends in manufacturing, transportation, and international trade.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a lag of several months before the most recent figures are available. Additionally, the survey coverage may not capture all shipbuilding activity, particularly in smaller or private facilities.
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Citation
U.S. Federal Reserve, Tonnage of Vessels Under Construction for Great Britain and Ireland (Q02099GBQ561NNBR), retrieved from FRED.