Quarterly, Seasonally Adjusted
This dataset tracks quarterly, seasonally adjusted over time.
Latest Value
101.88
Year-over-Year Change
-8.26%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the real gross output of the construction sector in the United States. It serves as a key indicator of economic activity and infrastructure 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
This series represents the total volume of goods and services produced by the construction industry in the U.S. economy, adjusted for seasonal factors. It is a valuable measure of the construction sector's contribution to overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using production and sales information from construction companies and related industries.
Historical Context
Economists and policymakers closely monitor this indicator to assess the health of the construction industry and broader economic conditions.
Key Facts
- Construction accounts for approximately 4% of U.S. GDP.
- Seasonally adjusted data adjusts for regular fluctuations in construction activity.
- The construction sector is a major employer, with over 7 million workers in the U.S.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross output of the construction sector in the United States, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The construction sector is a key driver of economic growth, and this indicator provides valuable insights into the health and activity of the industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using production and sales information from construction companies and related industries.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the strength of the construction industry and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of several weeks. Revisions may occur as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (WACONSTQQGSP), retrieved from FRED.