Index of Production of Construction Materials for United States
M02236USM350NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.60
Year-over-Year Change
7.90%
Date Range
1/1/1947 - 12/1/1963
Summary
The Index of Production of Construction Materials for the United States measures the monthly output of materials used in construction, providing insight into the health of 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 index tracks the production of a wide range of construction materials, from cement and lumber to steel and glass. It is an important indicator for economists and policymakers, as the construction industry is a major driver of economic growth.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of construction materials producers.
Historical Context
The index is closely monitored by industry analysts and government agencies to assess construction activity and inform economic policy decisions.
Key Facts
- The index has a base year of 2012.
- Construction materials account for a significant portion of GDP.
- The index is a leading indicator of future construction activity.
FAQs
Q: What does this economic trend measure?
A: The Index of Production of Construction Materials measures the monthly output of a wide range of materials used in the construction industry, including cement, lumber, steel, and glass.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of the health of the construction industry, which is a major driver of economic growth. It provides insights into construction activity and can inform investment and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of construction materials producers.
Q: How is this trend used in economic policy?
A: The index is closely monitored by government agencies and industry analysts to assess construction activity and inform economic policy decisions, such as interest rates and infrastructure investment.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release delay of around one month after the reference period.
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Citation
U.S. Federal Reserve, Index of Production of Construction Materials for United States (M02236USM350NNBR), retrieved from FRED.