Chain-Type Quantity Index for Real GDP: Construction (23) in Arkansas
Annual, Not Seasonally Adjusted
ARCONSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.92
Year-over-Year Change
5.61%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total value of construction put in place in the United States. It is a key indicator of economic activity and investment in the construction sector.
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 value of construction work done in the U.S., including both residential and non-residential construction. It is published annually by the U.S. Census Bureau and used by economists to assess the health of the construction industry and broader economic conditions.
Methodology
The data is collected through surveys of construction firms and compiled by the Census Bureau.
Historical Context
Policymakers and market analysts monitor this metric to gauge infrastructure investment and real estate trends.
Key Facts
- Construction spending reached a record high of $1.63 trillion in 2022.
- The construction industry accounts for about 4% of U.S. GDP.
- Residential construction made up 57% of total construction spending in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total value of construction projects completed in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and investment in the construction sector, which has broad implications for the housing market, infrastructure, and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor construction spending to assess investment levels, real estate trends, and the health of the broader economy.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' construction spending data is published with an approximately 2-month delay by the Census Bureau.
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Citation
U.S. Census Bureau, Annual, Not Seasonally Adjusted (ARCONSTQGSP), retrieved from FRED.