Public New Construction Activity, Highways, Value in Constant Prices for United States
M0298AUSM380NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.00
Year-over-Year Change
51.28%
Date Range
1/1/1939 - 12/1/1946
Summary
This economic indicator tracks the value of new public construction activity for highways in the United States, adjusted for inflation. It provides insights into infrastructure investment and spending trends.
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 Activity, Highways, Value in Constant Prices for the United States measures the total value of new public construction projects for highways, bridges, and related infrastructure. It is a key metric for understanding government investment in transportation systems and infrastructure development.
Methodology
The data is collected through surveys of construction firms and government agencies responsible for public works projects.
Historical Context
This indicator is closely monitored by policymakers, economists, and industry analysts to assess the state of public infrastructure and guide economic and fiscal policies.
Key Facts
- The series is reported monthly by the U.S. Census Bureau.
- Values are adjusted for inflation using the Producer Price Index.
- Highways account for the largest share of public construction spending in the U.S.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of new public construction projects for highways, bridges, and related transportation infrastructure in the United States, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into government investment in public infrastructure, which is crucial for economic growth, productivity, and the efficient movement of goods and people.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies responsible for public works projects.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this indicator to assess the state of public infrastructure and guide economic and fiscal policies related to infrastructure development and investment.
Q: Are there update delays or limitations?
A: The series is reported monthly by the U.S. Census Bureau, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Public New Construction Activity, Highways, Value in Constant Prices for United States (M0298AUSM380NNBR), retrieved from FRED.