Chain-Type Quantity Index for Real GDP: Construction (23) in Colorado
Annual, Not Seasonally Adjusted
COCONSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.86
Year-over-Year Change
77.74%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the U.S. construction output, providing insight into economic growth and investment trends.
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 indicator tracks the total value of construction spending on private and public projects in the United States. It is a key metric for analyzing the health of the construction industry and broader economic conditions.
Methodology
The data is collected through surveys of construction companies and government agencies.
Historical Context
Policymakers and analysts use this trend to gauge construction sector activity and its impact on GDP, employment, and other economic indicators.
Key Facts
- Construction spending accounts for over 4% of U.S. GDP.
- The construction industry employs over 7 million workers in the U.S.
- Annual construction output has grown by an average of 3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total value of construction spending on private and public projects in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health of the construction industry and broader economic conditions, as construction activity is closely tied to GDP growth and investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge construction sector activity and its impact on GDP, employment, and other economic indicators.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (COCONSTQGSP), retrieved from FRED.