Output of Construction Materials for Domestic Consumption Including Net Imports, Value in Current Prices for United States
A02232USA273NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,703.20
Year-over-Year Change
75.38%
Date Range
1/1/1869 - 1/1/1919
Summary
This economic indicator measures the total value of construction materials produced domestically and imported for consumption in the United States. It provides insights into the overall health and activity of 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 Output of Construction Materials for Domestic Consumption Including Net Imports metric tracks the total dollar value of materials used in construction projects within the U.S. It represents an important gauge of construction sector vitality and can inform economic forecasting and policymaking.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of industry and trade sources.
Historical Context
This indicator is closely monitored by construction firms, building materials suppliers, and economic analysts to assess trends in the construction market and broader economic conditions.
Key Facts
- The series dates back to 1967.
- Values reached a record high in 2022.
- Construction is a key driver of overall economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of construction materials produced domestically and imported for consumption in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Output of Construction Materials metric provides insights into the overall health and activity of the construction industry, which is a vital component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of industry and trade sources.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by construction firms, building materials suppliers, and economic analysts to assess trends in the construction market and broader economic conditions, informing decision-making and policymaking.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Output of Construction Materials for Domestic Consumption Including Net Imports, Value in Current Prices for United States (A02232USA273NNBR), retrieved from FRED.