Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Roofing Contractors for Midwest Census Region
PCU2364002364002233 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173.84
Year-over-Year Change
-1.34%
Date Range
2/1/2014 - 6/1/2025
Summary
The Producer Price Index (PPI) for New Nonresidential Building Construction by Roofing Contractors in the Midwest Census Region measures price changes in the construction industry, providing insights into inflationary pressures and economic activity.
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 series tracks the average change in prices charged by roofing contractors for new nonresidential building construction projects in the Midwest region. It is a key indicator of construction costs and trends that inform economic analysis and policymaking.
Methodology
The data is collected through surveys of construction firms and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI for roofing contractors is used by policymakers, economists, and industry participants to assess market conditions and inflationary pressures in the construction sector.
Key Facts
- The PPI for Midwest roofing contractors reached a record high in 2022.
- Construction costs have risen sharply in recent years due to supply chain issues and labor shortages.
- The Midwest region accounts for a significant share of U.S. nonresidential construction activity.
FAQs
Q: What does this economic trend measure?
A: This PPI series measures the average change in prices charged by roofing contractors for new nonresidential building construction projects in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Midwest roofing contractors is a key indicator of construction costs and inflationary pressures in the industry, providing valuable insights for policymakers, economists, and industry participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The PPI for Midwest roofing contractors is used by policymakers, economists, and industry participants to assess market conditions and inflationary pressures in the construction sector, informing economic analysis and policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical lag of one to two months from the reference period.
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Citation
U.S. Federal Reserve, Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Roofing Contractors for Midwest Census Region (PCU2364002364002233), retrieved from FRED.