Chain-Type Quantity Index for Real GDP: Construction (23) in Missouri
MOCONSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.50
Year-over-Year Change
30.73%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Construction (23) in Missouri measures the real output of the construction industry in the state. This trend is an important indicator of economic activity and investment in Missouri's 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 for Real GDP: Construction (23) in Missouri tracks the real, inflation-adjusted output of the construction industry in the state. It is a valuable tool for analyzing the strength and performance of Missouri's construction sector and its contribution to overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This index provides insights into construction activity that can inform policy decisions and help market participants understand economic conditions.
Key Facts
- Missouri's construction industry accounts for over 5% of the state's GDP.
- The construction index reached an all-time high in 2022, signaling robust activity.
- Construction is a key driver of economic growth and employment in Missouri.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Construction (23) in Missouri measures the real, inflation-adjusted output of the construction industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and strength of Missouri's construction sector, which is an important driver of economic growth and investment in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: This index can inform policy decisions and help market participants understand economic conditions in Missouri's construction industry.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with some potential for minor delays in release.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Construction (23) in Missouri (MOCONSTQGSP), retrieved from FRED.