Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Electrical Contractors for Midwest Census Region
PCU2364002364002223 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.23
Year-over-Year Change
3.29%
Date Range
2/1/2014 - 6/1/2025
Summary
The Producer Price Index (PPI) for New Nonresidential Building Construction by Electrical Contractors in the Midwest Census Region measures changes in the prices charged by electrical contractors for their services in this construction market.
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
This PPI tracks the price trends of electrical contracting work for new nonresidential building projects in the Midwest United States. It is an important indicator of cost pressures and price dynamics in the construction industry, which has significant implications for economic growth, investment, and inflation.
Methodology
The data is collected through surveys of electrical contractors and calculated using the Bureau of Labor Statistics' standard PPI methodology.
Historical Context
Policymakers and analysts monitor this PPI to assess construction sector inflation and its potential impact on the broader economy.
Key Facts
- The Midwest Census Region includes 12 states in the central United States.
- Electrical contractors account for a significant portion of construction costs for new nonresidential buildings.
- The PPI is a leading indicator of cost pressures in the construction industry.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices charged by electrical contractors for their services in new nonresidential building construction projects in the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant because it provides insight into cost pressures and price dynamics in the construction industry, which has significant implications for economic growth, investment, and inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electrical contractors and calculated using the Bureau of Labor Statistics' standard Producer Price Index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this PPI to assess construction sector inflation and its potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by the Bureau of Labor Statistics, with a typical release lag of a few weeks.
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Citation
U.S. Federal Reserve, Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Electrical Contractors for Midwest Census Region (PCU2364002364002223), retrieved from FRED.