Chain-Type Quantity Index for Real GDP: Construction (23) in Montana
Quarterly, Seasonally Adjusted
MTCONSTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.40
Year-over-Year Change
-0.57%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the total value of construction put in place in the United States, adjusted for seasonal variations. This indicator provides insights into the health and trajectory of the construction industry, a key driver of economic growth.
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 construction activities, including residential, commercial, and infrastructure projects. It serves as an important economic indicator, informing analyses of the construction sector's contribution to GDP and the broader economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of construction firms and owners.
Historical Context
Construction spending is closely monitored by policymakers, investors, and economists to assess the strength of the economy and make informed decisions.
Key Facts
- Construction spending accounts for over $1.3 trillion in annual economic activity.
- The construction industry employs over 7 million workers in the U.S.
- Residential construction makes up approximately 60% of total construction spending.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total value of construction put in place in the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the health and trajectory of the construction industry, a key driver of economic growth, and informs analyses of the sector's contribution to GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of construction firms and owners.
Q: How is this trend used in economic policy?
A: Construction spending is closely monitored by policymakers, investors, and economists to assess the strength of the economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MTCONSTQQGSP), retrieved from FRED.