Producer Price Index by Industry: New Nonresidential Building Construction by Region: New Nonresidential Building Construction for Midwest Census Region
PCU2365002365003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.09
Year-over-Year Change
0.18%
Date Range
2/1/2014 - 6/1/2025
Summary
The Producer Price Index by Industry: New Nonresidential Building Construction by Region: New Nonresidential Building Construction for Midwest Census Region tracks changes in prices charged by producers of new nonresidential building construction in the Midwest region of the United States. This measure is a key indicator of construction costs and inflationary pressures in the Midwest building 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
This producer price index (PPI) series measures the average change over time in the selling prices received by domestic producers of new nonresidential building construction services in the Midwest census region. The PPI provides important insights into cost and pricing dynamics in the commercial and industrial construction industry.
Methodology
The data is collected through a survey of construction companies and contractors in the Midwest region.
Historical Context
This PPI series is closely monitored by policymakers, economists, and construction industry participants to assess price trends and inform economic forecasting and decision-making.
Key Facts
- The Midwest PPI for new nonresidential building construction has risen over 30% in the past 5 years.
- Construction costs account for a significant portion of total project budgets.
- The Midwest region represents a major hub of commercial and industrial building activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices charged by producers of new nonresidential building construction services in the Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: The Midwest PPI for new nonresidential building construction is a key indicator of construction cost inflation and pricing dynamics in the Midwest, which is important for industry participants, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through a survey of construction companies and contractors in the Midwest region.
Q: How is this trend used in economic policy?
A: This PPI series is closely monitored by policymakers, economists, and construction industry participants to assess price trends and inform economic forecasting and decision-making.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Producer Price Index by Industry: New Nonresidential Building Construction by Region: New Nonresidential Building Construction for Midwest Census Region (PCU2365002365003), retrieved from FRED.