Chain-Type Quantity Index for Real GDP: Construction (23) in Missouri
Quarterly, Seasonally Adjusted
MOCONSTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.11
Year-over-Year Change
1.46%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the value of new construction put in place in the United States on a quarterly basis, adjusted for seasonal variations. This metric is a key indicator of the health and activity in the construction industry.
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 Quarterly, Seasonally Adjusted construction spending series tracks the total dollar value of all construction work done in the U.S. during a given quarter. This data helps economists and policymakers understand investment trends, gauge the strength of the housing market, and make informed decisions about fiscal and monetary policies.
Methodology
The U.S. Census Bureau collects data on construction activity through surveys of builders, contractors, and government agencies.
Historical Context
Construction spending is an important economic indicator used by the Federal Reserve, Congress, and private analysts to assess the state of the U.S. economy.
Key Facts
- Construction spending accounts for over $1 trillion in annual economic activity.
- Residential construction makes up about 60% of total construction spending.
- Quarterly construction data is released about 2 months after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total value of new construction put in place in the United States on a quarterly basis, with adjustments made for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Construction spending is a key indicator of economic activity and investment, providing insight into the strength of the housing market and the broader U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects data on construction activity through surveys of builders, contractors, and government agencies.
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted construction spending data is closely monitored by the Federal Reserve, Congress, and private analysts to assess the state of the U.S. economy and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The quarterly construction spending data is released approximately 2 months after the end of each quarter, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MOCONSTQQGSP), retrieved from FRED.