Output of Construction Materials for Domestic Consumption, Value in Constant Prices for United States
A0233AUSA231NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,328.00
Year-over-Year Change
-19.95%
Date Range
1/1/1919 - 1/1/1939
Summary
This economic trend measures the output of construction materials for domestic consumption in the United States, adjusted for inflation. It provides insight into the construction industry and broader 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
The Output of Construction Materials for Domestic Consumption, Value in Constant Prices for United States is an economic indicator that tracks the production and supply of construction materials within the domestic market. It serves as a proxy for construction activity and investment, which are key drivers of economic growth.
Methodology
This data is collected by the U.S. Federal Reserve through surveys of construction material producers and suppliers.
Historical Context
Economists and policymakers monitor this trend to assess the health of the construction sector and broader economic conditions.
Key Facts
- This trend is a leading indicator of construction activity.
- The construction industry accounts for a significant portion of GDP.
- Fluctuations in construction materials output can signal changes in economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output of construction materials for domestic consumption in the United States, adjusted for inflation. It provides insight into the construction industry and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: The output of construction materials is a key indicator of construction activity and investment, which are important drivers of economic growth. Monitoring this trend can help economists and policymakers assess the health of the construction sector and the broader economy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of construction material producers and suppliers.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate the state of the construction industry and the broader economy. Changes in construction materials output can signal shifts in economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of construction material producers and suppliers, which may result in occasional update delays. Additionally, the trend may not capture all aspects of the construction industry, as it focuses specifically on domestic consumption of construction materials.
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Citation
U.S. Federal Reserve, Output of Construction Materials for Domestic Consumption, Value in Constant Prices for United States (A0233AUSA231NNBR), retrieved from FRED.