Chain-Type Quantity Index for Real GDP: All Industry Total in Colorado
Annual, Not Seasonally Adjusted
COQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.15
Year-over-Year Change
53.90%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the gross output of the U.S. construction sector. It provides an important gauge of economic activity and growth in 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
Gross output is a comprehensive measure of industry production that includes both sales and other operating income. The construction sector is a key driver of the broader economy, so this data series offers insights into overall economic trends and the health of the construction industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts monitor construction output to assess macroeconomic conditions and guide economic decision-making.
Key Facts
- The construction sector accounts for around 4% of U.S. GDP.
- Construction output declined sharply during the 2008-2009 recession.
- Housing construction is a major driver of the overall construction industry.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total gross output of the U.S. construction sector, providing a comprehensive view of production activity in this industry.
Q: Why is this trend relevant for users or analysts?
A: Construction is a key sector that both reflects and shapes broader economic conditions, so this data offers valuable insights for policymakers, economists, and investors monitoring the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its annual industry accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely track construction output to assess macroeconomic performance and guide decisions around fiscal, monetary, and industry policies.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is released with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (COQGSP), retrieved from FRED.