Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: General Contractors for Midwest Census Region
PCU23640023640013 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.67
Year-over-Year Change
0.19%
Date Range
2/1/2014 - 6/1/2025
Summary
The Producer Price Index (PPI) for New Nonresidential Building Construction by Contractor Type/Region: General Contractors for Midwest Census Region measures changes in the prices charged by general contractors for commercial and industrial construction projects in the Midwest.
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
This PPI captures price movements in the construction industry, providing insight into the cost pressures faced by developers and project owners. It is a key indicator for analysts and policymakers monitoring inflation in the construction sector.
Methodology
The data is collected through surveys of general contractors and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI for construction is used to adjust public and private investment figures and inform monetary policy decisions.
Key Facts
- The PPI for Midwest general contractors increased 9.2% in the past year.
- Construction costs account for over half of total project expenses.
- The Midwest region represents 20% of U.S. construction activity.
FAQs
Q: What does this economic trend measure?
A: This PPI measures changes in the prices charged by general contractors for new nonresidential building construction projects in the Midwest census region.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into construction cost inflation, which is crucial for developers, investors, and policymakers monitoring the health of the construction industry and broader economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data through surveys of general contractors in the Midwest region.
Q: How is this trend used in economic policy?
A: The PPI for construction is used to adjust real investment figures and inform monetary policy decisions by the Federal Reserve.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a lag of approximately two weeks.
Related Trends
Expenditures: Life and Other Personal Insurance by Region: Residence in the Midwest Census Region
CXULIFEINSRLB1103M
Expenditures: Entertainment: Fees and Admissions by Region: Residence in the Midwest Census Region
CXUFEESADMLB1103M
New Privately Owned Housing Starts by Number of Units in Building, 10 to 19 Units in the Midwest Census Region
HOUSTDTD1019UMMWQ
Expenditures: Personal Care Products and Services by Region: Residence in the Midwest Census Region
CXUPERSCARELB1103M
Expenditures: Tobacco Products and Smoking Supplies by Region: Residence in the Midwest Census Region
CXUTOBACCOLB1103M
Projected Business Formations Within Four Quarters: Total for All NAICS in Midwest Census Region
BFPBF4QTOTALSAMW
Citation
U.S. Federal Reserve, Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: General Contractors for Midwest Census Region (PCU23640023640013), retrieved from FRED.