Federal Nonmilitary Construction for United States
A02268USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,574.00
Year-over-Year Change
77.89%
Date Range
1/1/1915 - 1/1/1962
Summary
The Federal Nonmilitary Construction indicator tracks spending on public construction projects excluding military infrastructure. It provides insights into government investment and economic conditions.
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 Federal Nonmilitary Construction series measures the value of construction put in place for non-military government projects, such as highways, schools, and public buildings. It is an important economic indicator used to assess the government's role in infrastructure development and broader economic trends.
Methodology
The data is collected through surveys of construction companies and government agencies.
Historical Context
This metric is closely watched by policymakers, economists, and market analysts to gauge the government's contribution to overall construction activity and economic growth.
Key Facts
- Construction spending accounts for about 4% of U.S. GDP.
- Federal nonmilitary construction represents around 10% of total construction spending.
- The series has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Federal Nonmilitary Construction indicator tracks spending on public construction projects excluding military infrastructure, providing insights into government investment and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, economists, and market analysts to gauge the government's contribution to overall construction activity and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and government agencies.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers to assess the government's role in infrastructure development and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The Federal Nonmilitary Construction data is released on a monthly basis with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Federal Nonmilitary Construction for United States (A02268USA398NNBR), retrieved from FRED.