Federal Construction for United States
M02117USM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.64
Year-over-Year Change
15.88%
Date Range
1/1/1913 - 12/1/1962
Summary
The Federal Construction for United States measure tracks the total value of construction projects initiated and overseen by the federal government. This metric provides insights into the government's infrastructure investment and construction activity.
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 value of new construction projects started and managed by federal agencies and departments in the United States. It serves as an important indicator of the government's fiscal policy and priorities regarding public infrastructure development.
Methodology
The data is collected and compiled by the U.S. Census Bureau through surveys of construction companies and government agencies.
Historical Context
Analysts and policymakers use this metric to assess the federal government's role in shaping the construction industry and broader economic conditions.
Key Facts
- Federal construction spending in the U.S. reached a peak of $34.2 billion in 2010.
- The federal government accounts for about 7% of total construction activity in the United States.
- This data series has been tracked by the U.S. Census Bureau since the 1960s.
FAQs
Q: What does this economic trend measure?
A: The Federal Construction for United States metric tracks the total value of new construction projects initiated and overseen by the federal government.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the government's infrastructure investment priorities and can signal broader trends in the construction industry and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Census Bureau through surveys of construction companies and government agencies.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the federal government's role in shaping the construction industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The Federal Construction for United States data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Federal Construction for United States (M02117USM398NNBR), retrieved from FRED.