High-Propensity Business Applications: Total for All NAICS in Illinois
Not Seasonally Adjusted
BAHBATOTALNSAIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,523.00
Year-over-Year Change
20.11%
Date Range
7/1/2004 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' economic trend measures the total value of construction put in place without seasonal adjustments, providing insights into the underlying activity in the construction 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
This economic indicator tracks the total dollar value of construction projects completed in the United States, including both residential and non-residential construction. It is an important gauge of construction activity and broader economic conditions.
Methodology
The data is collected through surveys of construction firms and contractors.
Historical Context
This metric is closely watched by economists, policymakers, and market analysts to assess the health of the construction sector and broader economy.
Key Facts
- Construction spending represents approximately 4% of U.S. GDP.
- The construction industry employs over 7 million workers in the U.S.
- Residential construction accounts for about 60% of total construction spending.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' trend measures the total dollar value of construction projects completed in the United States, including both residential and non-residential construction.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important gauge of construction activity and broader economic conditions, closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess the health of the construction sector and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (BAHBATOTALNSAIL), retrieved from FRED.