Real Final Consumption Expenditure for Australia
Quarterly, Not Seasonally Adjusted
NCRNSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
463,466.00
Year-over-Year Change
6.80%
Date Range
7/1/1959 - 1/1/2025
Summary
This quarterly, not seasonally adjusted economic indicator tracks the total value of new construction put in place in the United States. It is a key metric for analyzing investment and activity in the 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 value of new construction put in place measures the total dollar value of construction work done in the U.S. during the quarter. This includes both residential and non-residential construction and is a widely followed indicator of economic growth and investment.
Methodology
The data is collected through surveys of construction companies and project owners by the U.S. Census Bureau.
Historical Context
This construction activity metric is closely watched by policymakers, investors, and economists to gauge the health of the broader economy.
Key Facts
- Construction accounts for over 4% of U.S. GDP.
- New construction activity reached a record high in 2022.
- Housing starts are a leading indicator tracked alongside this metric.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of new construction projects completed in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: New construction activity is a crucial barometer of economic growth, investment, and the health of the broader real estate and building sectors.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of construction companies and project owners.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor construction activity to gauge the strength of the economy and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (NCRNSAXDCAUQ), retrieved from FRED.