Annual, Not Seasonally Adjusted
This dataset tracks annual, not seasonally adjusted over time.
Latest Value
41377.10
Year-over-Year Change
205.38%
Date Range
1/1/1997 - 1/1/2024
Summary
This metric tracks the annual change in national construction spending, excluding seasonal adjustments. It 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 annual, not seasonally adjusted construction spending index measures the dollar value of public and private construction activity in the United States. It is a closely watched 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.
Historical Context
Policymakers and analysts use this metric to gauge the strength of the construction sector and broader economic conditions.
Key Facts
- Construction spending accounts for over 4% of U.S. GDP.
- The annual metric tracks both public and private construction.
- Trends in construction spending can signal broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the annual change in the total dollar value of public and private construction activity in the United States, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Construction spending is a critical indicator of economic health and investment, providing insight into the strength of the construction industry and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the construction sector and inform decisions related to infrastructure investment, economic stimulus, and other policy actions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCCONSTNGSP), retrieved from FRED.