Public Construction (Constant Dollars) for United States
M0294AUSM380NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
230.00
Year-over-Year Change
46.50%
Date Range
1/1/1939 - 12/1/1946
Summary
This economic indicator measures the value of public construction spending in the United States, adjusted for inflation. It provides insights into government investment and infrastructure development.
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 Construction (Constant Dollars) metric tracks the total inflation-adjusted value of construction projects undertaken by federal, state, and local governments. It is a key indicator of public sector investment in areas like transportation, utilities, and public facilities.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of construction activity.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the government's role in driving economic growth.
Key Facts
- Public construction spending accounts for over 10% of total U.S. construction activity.
- Inflation-adjusted public construction spending has declined by 20% since the 2009 peak.
- Highways and streets make up the largest share of public construction, at around 40%.
FAQs
Q: What does this economic trend measure?
A: The Public Construction (Constant Dollars) metric measures the total inflation-adjusted value of construction projects undertaken by federal, state, and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the government's role in driving economic growth through infrastructure investment and construction activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of construction activity.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to assess the government's fiscal stance and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Public Construction (Constant Dollars) for United States (M0294AUSM380NNBR), retrieved from FRED.