Public New Construction Expenditures, Nonresidential for United States
M02279USM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
458.00
Year-over-Year Change
18.35%
Date Range
1/1/1939 - 12/1/1963
Summary
This economic indicator measures the value of new construction projects in the United States, excluding residential buildings. It provides insights into investment and growth in the nonresidential 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
The Public New Construction Expenditures, Nonresidential metric tracks the dollar value of construction projects initiated by government, institutional, and commercial entities. It serves as a leading indicator of economic activity and capital investment.
Methodology
The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by policymakers, investors, and analysts to gauge the health of the broader economy and construction industry.
Key Facts
- Tracked by the U.S. Census Bureau since 1993.
- Measures investment in new commercial, institutional, and government building projects.
- A leading indicator of economic growth and business confidence.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of new construction projects initiated by government, commercial, and institutional entities in the United States, excluding residential buildings.
Q: Why is this trend relevant for users or analysts?
A: The Public New Construction Expenditures, Nonresidential metric serves as a leading indicator of economic activity and capital investment, providing insights into the health of the broader construction industry and overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, investors, and analysts to gauge the health of the economy and construction sector, informing decisions and forecasts.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with a typical 1-2 month delay between the reference period and public release.
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Citation
U.S. Federal Reserve, Public New Construction Expenditures, Nonresidential for United States (M02279USM398NNBR), retrieved from FRED.