Nonfarm Building Construction (Constant Dollars) for United States
Millions of 1947-1949 Dollars, Monthly, Not Seasonally Adjusted
M0296AUSM380NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
993.00
Year-over-Year Change
74.52%
Date Range
1/1/1939 - 12/1/1946
Summary
This economic trend measures the total value of goods and services produced in the U.S. economy, adjusted for inflation, on a monthly basis. It provides a comprehensive view of economic activity and is a key indicator for policymakers and analysts.
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 1947-1949 Dollars, Monthly, Not Seasonally Adjusted series represents the real, inflation-adjusted gross domestic product (GDP) of the United States. GDP is the broadest measure of economic output and is widely used to assess the health and growth of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and statistical models.
Historical Context
This economic indicator is closely monitored by the Federal Reserve, government policymakers, and private sector analysts to inform decisions and forecasts.
Key Facts
- The series uses 1947-1949 as the base year for inflation adjustment.
- Data is reported on a monthly basis, unlike the more commonly cited quarterly GDP figures.
- The not seasonally adjusted data captures the raw economic activity without removing typical seasonal patterns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in the U.S. economy, adjusted for inflation, on a monthly basis. It provides a comprehensive view of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This GDP indicator is a key metric used by policymakers, economists, and market analysts to assess the overall health and growth of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and statistical models.
Q: How is this trend used in economic policy?
A: This GDP indicator is closely monitored by the Federal Reserve and government policymakers to inform decisions and forecasts related to monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there can be a several-week delay between the end of the reference month and the data publication.
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Citation
U.S. Federal Reserve, Millions of 1947-1949 Dollars, Monthly, Not Seasonally Adjusted (M0296AUSM380NNBR), retrieved from FRED.