Chain-Type Quantity Index for Real GDP: Educational Services (61) in Connecticut
Annual, Not Seasonally Adjusted
CTEDCATQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.48
Year-over-Year Change
12.47%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total value of construction put in place for all construction types in the United States. This metric 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 trend represents the total dollar value of construction projects, including residential, commercial, and civil engineering, completed and put in place during the year. It is a widely used measure of construction industry performance and helps economists and policymakers assess the health of the broader economy.
Methodology
The data is collected through surveys of construction firms and owners by the U.S. Census Bureau.
Historical Context
This trend provides insight into construction industry activity and its relationship to overall economic growth and investment.
Key Facts
- Construction put in place totaled $1.58 trillion in 2021.
- The residential sector accounted for 56% of total construction in 2021.
- Private construction made up 69% of the total in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all construction projects completed and put in place in the United States during the year, across residential, commercial, and civil engineering sectors.
Q: Why is this trend relevant for users or analysts?
A: The construction put in place trend is a key indicator of economic activity and investment, helping analysts and policymakers assess the health and outlook of the construction industry and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of construction firms and owners by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to gauge overall economic conditions, assess the impact of fiscal and monetary policies, and make informed decisions about infrastructure investment and development.
Q: Are there update delays or limitations?
A: The data is released monthly with a 2-month lag, and the annual figures are subject to revision as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CTEDCATQGSP), retrieved from FRED.