Asphalt Production for United States
M0230AUSM535NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,200.00
Year-over-Year Change
1.44%
Date Range
1/1/1951 - 12/1/1963
Summary
The Asphalt Production for United States measures the monthly production of asphalt in the United States. It is a key indicator for the construction and infrastructure sectors.
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
Asphalt is a crucial material used in road construction, paving, and other infrastructure projects. This metric tracks the total volume of asphalt produced domestically, providing insight into the health and activity of the construction industry.
Methodology
The data is collected and reported monthly by the U.S. Energy Information Administration.
Historical Context
Asphalt production levels are closely monitored by policymakers, urban planners, and industry analysts to gauge construction activity and infrastructure investment.
Key Facts
- Asphalt is a petroleum-based product used extensively in road paving and construction.
- The United States is one of the world's largest producers and consumers of asphalt.
- Asphalt production volumes are a leading indicator of construction and infrastructure spending.
FAQs
Q: What does this economic trend measure?
A: The Asphalt Production for United States measures the monthly volume of asphalt produced domestically, a key material used in construction and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: Asphalt production is a leading indicator of construction activity and infrastructure investment, making it a closely watched metric by policymakers, urban planners, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Asphalt production levels are monitored by policymakers to gauge the health of the construction industry and guide decisions around infrastructure spending and urban development.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Asphalt Production for United States (M0230AUSM535NNBR), retrieved from FRED.