Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Plumbing, Heating, and Air Conditioning Contractors for Midwest Census Region
PCU2364002364002213 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.54
Year-over-Year Change
-0.38%
Date Range
2/1/2014 - 6/1/2025
Summary
The Producer Price Index (PPI) for Plumbing, Heating, and Air Conditioning Contractors in the Midwest Census Region measures price changes for new nonresidential building construction by contractor type and region. This metric is a key indicator of construction costs and can inform investment decisions and economic policy.
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 PPI for Plumbing, Heating, and Air Conditioning Contractors in the Midwest measures the average change in selling prices received by these contractors for new nonresidential building construction projects. It is one of several regional and contractor-specific PPI series that provide granular data on the construction industry.
Methodology
The U.S. Bureau of Labor Statistics collects price data through surveys of construction companies to calculate this monthly index.
Historical Context
Policymakers and analysts use this PPI series to assess construction activity, inflation pressures, and regional economic conditions.
Key Facts
- The Midwest Census Region includes 12 states from Ohio to the Dakotas.
- Plumbing, heating, and air conditioning account for a significant portion of total construction costs.
- This PPI series has been published monthly since 1986.
FAQs
Q: What does this economic trend measure?
A: This PPI series measures the average change in selling prices received by plumbing, heating, and air conditioning contractors for new nonresidential building construction projects in the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This PPI series provides important data on construction cost inflation, which can inform investment decisions, economic policy, and analysis of regional economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data through surveys of construction companies to calculate this monthly index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPI series to assess construction activity, inflation pressures, and regional economic conditions, which can inform decisions on monetary policy, infrastructure investment, and other economic measures.
Q: Are there update delays or limitations?
A: This PPI series is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Plumbing, Heating, and Air Conditioning Contractors for Midwest Census Region (PCU2364002364002213), retrieved from FRED.