Chain-Type Quantity Index for Real GDP: Construction (23) in Maine
Quarterly, Seasonally Adjusted
MECONSTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.70
Year-over-Year Change
2.38%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the value of construction put in place in the United States on a quarterly basis, adjusted for seasonal variations. This metric is a key indicator of economic activity and investment.
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 Quarterly, Seasonally Adjusted construction spending series tracks the total dollar value of all construction activity in the U.S., including both private and public projects. It is a widely followed economic indicator that provides insight into the health of the construction industry and broader economic trends.
Methodology
The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Historical Context
Construction spending is closely monitored by policymakers, economists, and market analysts to assess the strength of the economy and guide decision-making.
Key Facts
- Construction spending accounts for about 4% of U.S. GDP.
- Residential construction makes up around 40% of total construction spending.
- The series dates back to 1993 and is published monthly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total value of all construction activity in the United States on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Construction spending is a key indicator of economic activity and investment, providing insight into the health of the construction industry and broader economic trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Construction spending is closely monitored by policymakers, economists, and market analysts to assess the strength of the economy and guide decision-making.
Q: Are there update delays or limitations?
A: The series is published monthly by the U.S. Census Bureau and has been available since 1993.
Related Trends
Regional Price Parities: Services: Other: Nonmetropolitan Portion for Maine
MENMPRPPSERVEOTH
Monthly State Retail Sales: Total Retail Sales Excluding Nonstore Retailers in Maine
MSRSMETOTAL
Number of Identified Exporters to Hungary from Maine
MEHUNA475SCEN
Coefficient for Industrial Carbon Dioxide Emissions, Weighted Coefficient for Other Petroleum for Maine
EMISSCO2COPICBMEA
Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Maine
MEWARESTORQGSP
Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Maine
MEBRDTELENGSP
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MECONSTQQGSP), retrieved from FRED.