Seasonally Adjusted
SBF4QSADC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.00
Year-over-Year Change
7.43%
Date Range
7/1/2004 - 10/1/2019
Summary
The Seasonally Adjusted Sales of Building Firms measure sales volumes for construction-related businesses, a key indicator of economic activity and demand.
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 economic series tracks the total sales of building firms, including contractors, suppliers, and related enterprises. It is an important measure of construction industry performance and broader macroeconomic trends.
Methodology
The data is collected through surveys of businesses and adjusted for seasonal factors.
Historical Context
This metric is closely monitored by economists, policymakers, and investors to gauge the health of the construction sector and overall economic conditions.
Key Facts
- Sales of building firms account for over $1 trillion annually in the U.S. economy.
- The construction industry employs over 7 million workers in the United States.
- Seasonally adjusted data smooths out fluctuations due to weather, holidays, and other regular patterns.
FAQs
Q: What does this economic trend measure?
A: The Seasonally Adjusted Sales of Building Firms tracks the total sales volumes for construction-related businesses, including contractors, suppliers, and related enterprises.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of construction industry performance and broader economic activity, closely monitored by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and adjusted for seasonal factors.
Q: How is this trend used in economic policy?
A: The Seasonally Adjusted Sales of Building Firms is used by economists and policymakers to gauge the health of the construction sector and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Seasonally Adjusted Sales of Building Firms (SBF4QSADC), retrieved from FRED.