Private Nonfarm Nonresidential Buildings Other Than Commercial and Industrial (Constant Dollars) for United States
Millions of 1957-1959 Dollars, Monthly, Seasonally Adjusted
M0290BUSM382SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,378.00
Year-over-Year Change
6.39%
Date Range
1/1/1946 - 12/1/1963
Summary
This economic indicator measures the value of goods and services produced in the U.S. economy, adjusted for inflation, on a monthly basis. It is a key metric for tracking overall economic activity and assessing the health of the nation's economy.
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 millions of 1957-1959 dollars, monthly, seasonally adjusted metric represents real gross domestic product (GDP) in the United States. It provides a comprehensive measure of economic output, accounting for changes in prices over time to give a constant-dollar view of production.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Historical Context
Policymakers and analysts closely monitor this economic indicator to inform decisions and assessments related to fiscal and monetary policy.
Key Facts
- The series uses 1957-1959 as the base period for inflation adjustment.
- Monthly data is released approximately 4 weeks after the end of each reference month.
- This metric is a key input for the National Income and Product Accounts (NIPA).
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services produced in the U.S. economy, adjusted for inflation, on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a comprehensive measure of economic output and a crucial indicator for assessing the overall health and performance of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to inform decisions and assessments related to fiscal and monetary policy.
Q: Are there update delays or limitations?
A: Monthly data is released approximately 4 weeks after the end of each reference month.
Related Trends
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Steel Rail Consumption for Great Britain
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Citation
U.S. Federal Reserve, Millions of 1957-1959 Dollars, Monthly, Seasonally Adjusted (M0290BUSM382SNBR), retrieved from FRED.