Chain-Type Quantity Index for Real GDP: Construction (23) in Massachusetts
MACONSTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.24
Year-over-Year Change
-6.70%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Construction (23) in Massachusetts measures the real output of the construction industry in the state. This metric is a key indicator of economic activity and investment in the regional 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 Chain-Type Quantity Index tracks the inflation-adjusted value of goods and services produced by the construction industry in Massachusetts. Economists and policymakers use this data to analyze trends in construction output and assess the broader health of the state's economy.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using data on the production of construction goods and services.
Historical Context
Trends in the construction index provide insights into business investment, infrastructure development, and the overall pace of economic growth in Massachusetts.
Key Facts
- Massachusetts construction index has grown 15% over the past 5 years.
- Construction accounts for over 5% of Massachusetts' total economic output.
- The construction industry employs more than 200,000 workers in the state.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Construction (23) in Massachusetts measures the real, inflation-adjusted output of the construction industry in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in the construction index provide important insights into business investment, infrastructure development, and the overall health of the Massachusetts economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on the production of construction goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze the construction index to understand patterns of business investment and inform decisions around economic development, infrastructure planning, and fiscal policy.
Q: Are there update delays or limitations?
A: The construction index data is published quarterly by the BEA, with a delay of approximately 2 months after the end of each quarter.
Related Trends
Real Gross Domestic Product: Management of Companies and Enterprises (55) in Massachusetts
MAMNGCOENTPRRQGSP
Administrative and Waste Services Earnings in Massachusetts
MAEADM
Business Applications from Corporations: Total for All NAICS in Massachusetts
BACBATOTALNSAMA
State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Massachusetts
MAOTHSLSTAX
All Employees: Administrative and Support and Waste Management and Remediation Services in Massachusetts
SMU25000006056000001A
Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Massachusetts
MANDURMANQQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Construction (23) in Massachusetts (MACONSTQQGSP), retrieved from FRED.