Public New Construction Activity, Highways, Value in Constant Prices for United States
A0298CUSA382NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,560.00
Year-over-Year Change
169.96%
Date Range
1/1/1946 - 1/1/1963
Summary
This economic indicator tracks the value of new public construction activity for highways in the United States, adjusted for inflation. It provides insight into infrastructure investment and government spending trends.
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 Public New Construction Activity, Highways, Value in Constant Prices for United States series measures the dollar value of new public construction projects for highways and roads, with the data adjusted to remove the effects of inflation. This metric is used by economists and policymakers to analyze public infrastructure investment and government expenditure patterns.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of construction projects.
Historical Context
This indicator is closely watched by economists and policymakers as a gauge of government priorities and fiscal policy.
Key Facts
- Public highway construction spending was $97.7 billion in 2021.
- Inflation-adjusted highway construction spending has declined by 10% since 2010.
- Highway construction accounts for about 30% of total public construction activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of new public construction projects for highways and roads in the United States, with the data adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into infrastructure investment and government spending patterns, which are closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of construction projects.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers as a gauge of government priorities and fiscal policy related to public infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Public New Construction Activity, Highways, Value in Constant Prices for United States (A0298CUSA382NNBR), retrieved from FRED.