Gross Domestic Product: Transportation and Warehousing (48-49) in the Southeast BEA Region
Quarterly, Seasonally Adjusted Annual Rate
SESTTRANSWARENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237,336.00
Year-over-Year Change
12.89%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the Quarterly, Seasonally Adjusted Annual Rate of Specialty Trade Contractors Gross Output. It is a key indicator of activity in the construction sector and broader economic conditions.
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 Specialty Trade Contractors Gross Output trend represents the total value of goods and services produced by businesses in the specialty trade contracting industry, such as electrical, plumbing, and HVAC contractors. This metric is closely watched by economists and policymakers as a real-time signal of construction and infrastructure investment.
Methodology
The data is collected through surveys of specialty trade contractor businesses and calculated on a seasonally adjusted, annualized basis.
Historical Context
This trend is used to assess the health of the construction industry and guide economic policy decisions.
Key Facts
- The construction industry accounts for over 4% of U.S. GDP.
- Specialty trade contractors make up the largest segment of the construction sector.
- This metric has a direct impact on employment and investment in local communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced by specialty trade contractors, such as electricians, plumbers, and HVAC installers, on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The Specialty Trade Contractors Gross Output is a key indicator of activity in the construction sector and the broader economy. It provides real-time insights into infrastructure investment, employment, and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of specialty trade contractor businesses and calculated on a seasonally adjusted, annualized basis by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health of the construction industry and guide decisions on fiscal and monetary policy, infrastructure investment, and employment programs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so it may not reflect the most recent economic conditions. Additionally, the seasonally adjusted nature of the data can lead to revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (SESTTRANSWARENQGSP), retrieved from FRED.