Public Construction, State and Locally Owned for United States
A02243USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,629.00
Year-over-Year Change
133.17%
Date Range
1/1/1915 - 1/1/1963
Summary
The 'Public Construction, State and Locally Owned for United States' series measures the value of construction put in place for state and local government-owned public works projects in the United States. It is an important indicator of infrastructure investment and economic activity.
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 dollar value of construction projects owned and managed by state and local government entities in the U.S. It covers a wide range of public works like highways, bridges, schools, utilities, and other infrastructure. Economists and policymakers use this data to assess public sector investment and infrastructure development.
Methodology
The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Historical Context
Trends in state and local public construction spending are closely watched for their implications on the broader economy and potential policy responses.
Key Facts
- Public construction spending in the U.S. totaled $335 billion in 2021.
- State and local governments own over 90% of public infrastructure assets in the U.S.
- The public construction sector employs over 7 million workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of construction projects owned and managed by state and local government entities in the United States, covering public works like highways, bridges, schools, utilities, and other infrastructure.
Q: Why is this trend relevant for users or analysts?
A: Trends in state and local public construction spending are closely watched by economists and policymakers as an indicator of infrastructure investment and broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess the state of public sector infrastructure investment and inform potential policy responses.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month reporting lag.
Related Trends
Number of New Buildings Constructed for Baden, Germany
A0281BDE31000A484NNBR
Private Commercial, Industrial, and Public Utility Construction (Constant Dollars) for United States
M0267AUSM380NNBR
Tonnage of Vessels Launched for Great Britain and Ireland
Q0299CGBQ561NNBR
Railways, Maintenance of Ways and Structures for Great Britain
A025AAGBA403NNBR
New Nonresidential Building Authorized by Building Permits for United States
M0256CUSM398NNBR
Total Construction, Value, Engineering News-Record for United States
M02107USM398NNBR
Citation
U.S. Federal Reserve, Public Construction, State and Locally Owned for United States (A02243USA398NNBR), retrieved from FRED.