Quarterly Financial Report: U.S. Corporations: Textile Mills and Textile Product Mills: Income Taxes Accrued, Prior and Current Years, Net of Payments
QFRD309313USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-461.00
Year-over-Year Change
-5862.50%
Date Range
10/1/2000 - 4/1/2025
Summary
This economic indicator tracks income taxes accrued by U.S. textile mills and textile product mills, reflecting their financial performance and tax obligations. The metric provides insights into the sector's profitability and tax management strategies.
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 trend represents the net income tax accruals for textile manufacturing corporations, capturing both current and prior year tax liabilities. Economists use this data to assess the financial health and tax efficiency of the textile manufacturing sector.
Methodology
Data is collected through quarterly financial reports submitted by textile manufacturing corporations to federal economic reporting agencies.
Historical Context
This indicator is used in macroeconomic analysis to understand sectoral economic performance, tax policy impacts, and industrial sector financial trends.
Key Facts
- Provides quarterly snapshot of textile manufacturing corporate tax liabilities
- Includes both current and prior year tax accruals
- Offers insights into sector-specific financial performance
FAQs
Q: What does this economic indicator measure?
A: It measures income taxes accrued by U.S. textile mills and textile product mills, capturing their tax obligations and financial performance.
Q: How often is this data updated?
A: The data is typically updated quarterly, providing a regular snapshot of the textile manufacturing sector's tax landscape.
Q: Why are income tax accruals important?
A: Income tax accruals reflect a company's profitability, tax efficiency, and overall financial health in the manufacturing sector.
Q: How can policymakers use this data?
A: Policymakers can analyze this trend to understand the economic conditions of the textile manufacturing industry and potential tax policy impacts.
Q: What are the limitations of this indicator?
A: The data is specific to textile mills and may not represent broader manufacturing trends, and it relies on corporate reporting accuracy.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: Textile Mills and Textile Product Mills: Income Taxes Accrued, Prior and Current Years, Net of Payments [QFRD309313USNO], retrieved from FRED.
Last Checked: 8/1/2025