Contracts for Industrial Buildings, Value, Engineering News-Record for United States
M02025USM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.87
Year-over-Year Change
-25.97%
Date Range
1/1/1913 - 12/1/1962
Summary
This economic trend measures the value of contracts for industrial buildings in the United States, as reported by Engineering News-Record. It provides insight into the construction industry and overall economic conditions.
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 Contracts for Industrial Buildings, Value trend tracks the total value of new contract awards for the construction of industrial facilities in the U.S. This metric is widely used by economists and policymakers to gauge activity and investment in the industrial construction sector.
Methodology
The data is collected and calculated by Engineering News-Record through surveys of construction industry participants.
Historical Context
Trends in industrial building contracts can inform assessments of business investment, infrastructure development, and broader economic performance.
Key Facts
- The series dates back to 1958.
- Contract values peaked in 2000 at over $40 billion.
- 2020 saw a sharp decline due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of new contract awards for the construction of industrial facilities in the United States, as reported by Engineering News-Record.
Q: Why is this trend relevant for users or analysts?
A: Trends in industrial building contracts provide insight into business investment, infrastructure development, and the overall health of the construction industry and broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Engineering News-Record through surveys of construction industry participants.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess capital expenditures, gauge business confidence, and predict broader economic conditions and investment patterns.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags or revisions in the reporting of contract values.
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Citation
U.S. Federal Reserve, Contracts for Industrial Buildings, Value, Engineering News-Record for United States (M02025USM398NNBR), retrieved from FRED.