Private Commercial, Industrial, and Public Utility Construction for United States
M0266AUSM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
376.00
Year-over-Year Change
70.91%
Date Range
1/1/1939 - 12/1/1946
Summary
This economic indicator tracks the total value of new construction projects for private commercial, industrial, and public utility buildings in the United States. It provides insight into investment and economic activity 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
The Private Commercial, Industrial, and Public Utility Construction metric measures the total dollar value of new construction projects for these building types in the U.S. It is used by economists and policymakers to gauge the health of the commercial construction industry and overall economic growth.
Methodology
The data is collected through surveys of construction companies and contractors by the U.S. Census Bureau.
Historical Context
This indicator is closely watched by the Federal Reserve and other institutions to assess business investment and the trajectory of the broader economy.
Key Facts
- New construction projects totaled $1.3 trillion in 2022.
- Commercial construction accounts for over 60% of total private construction activity.
- Public utility construction has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of new construction projects for private commercial, industrial, and public utility buildings in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into investment and economic activity in the construction sector, which is an important driver of broader economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and contractors by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by the Federal Reserve and other institutions to assess business investment and the trajectory of the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Private Commercial, Industrial, and Public Utility Construction for United States (M0266AUSM398NNBR), retrieved from FRED.