Contracts for Commercial and Industrial Buildings, Value for United States
M02166USM399NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.58
Year-over-Year Change
-10.56%
Date Range
1/1/1932 - 12/1/1962
Summary
This economic indicator tracks the value of contracts for new commercial and industrial building projects in the United States. It serves as an important leading indicator for construction activity and broader 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 Contracts for Commercial and Industrial Buildings indicator measures the value of new contracts for non-residential building projects, including office, retail, and industrial facilities. It is used by economists and policymakers to gauge future trends in business investment and construction.
Methodology
The data is collected through surveys of construction firms and project owners.
Historical Context
This indicator helps inform decisions around economic and monetary policy.
Key Facts
- The series dates back to 1959.
- It covers both new construction and major renovations.
- Levels are reported in millions of U.S. dollars.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of new contracts for commercial and industrial building projects in the United States, such as offices, retail stores, and factories.
Q: Why is this trend relevant for users or analysts?
A: The Contracts for Commercial and Industrial Buildings indicator is an important leading signal of future construction activity and business investment, which are key drivers of broader economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and project owners.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to help assess the near-term outlook for business investment and make informed decisions around economic and monetary policy.
Q: Are there update delays or limitations?
A: The Contracts for Commercial and Industrial Buildings data is released on a monthly basis with a lag of approximately 6 weeks.
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Citation
U.S. Federal Reserve, Contracts for Commercial and Industrial Buildings, Value for United States (M02166USM399NNBR), retrieved from FRED.