Producer Price Index by Industry: Construction Sand and Gravel Mining: Construction Sand and Gravel for Northeast Census Region
PCU21232121232101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.70
Year-over-Year Change
8.25%
Date Range
12/1/2012 - 7/1/2016
Summary
The Producer Price Index (PPI) for Construction Sand and Gravel Mining in the Northeast Census Region measures changes in the selling prices received by domestic producers of this key construction material. This index is an important indicator of input costs and price trends for the construction industry.
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 PPI for Construction Sand and Gravel Mining tracks the average change over time in the selling prices received by U.S. producers of sand and gravel used in construction projects within the Northeast region. This data helps analysts and policymakers understand broader trends in construction activity and input costs.
Methodology
The U.S. Bureau of Labor Statistics collects this data through surveys of domestic mining and quarrying establishments.
Historical Context
Trends in the PPI for Construction Sand and Gravel can inform analysis of the construction industry, infrastructure investment, and regional economic conditions.
Key Facts
- The Northeast Census Region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Construction sand and gravel account for over 80% of the non-metallic mineral production in the U.S.
- The PPI for this industry has risen by over 50% since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index (PPI) for Construction Sand and Gravel Mining in the Northeast Census Region measures changes in the selling prices received by domestic producers of this key construction material.
Q: Why is this trend relevant for users or analysts?
A: Trends in the PPI for Construction Sand and Gravel can inform analysis of the construction industry, infrastructure investment, and regional economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of domestic mining and quarrying establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPI data to understand broader trends in construction activity and input costs, which can inform decisions around infrastructure investment and regional economic development.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Price Index by Industry: Construction Sand and Gravel Mining: Construction Sand and Gravel for Northeast Census Region (PCU21232121232101), retrieved from FRED.