Annual, Not Seasonally Adjusted
XTWEGD01O1A667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,246,350,000,000.00
Year-over-Year Change
44.60%
Date Range
1/1/1960 - 1/1/2013
Summary
This economic trend measures the annual, not seasonally adjusted total value of new orders for construction materials and supplies in the U.S. It provides insight into the strength of construction activity and consumer demand.
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 Annual, Not Seasonally Adjusted new orders for construction materials and supplies tracks the total value of new orders placed with domestic manufacturers and vendors for products used in construction projects. This helps economists and policymakers gauge the health of the construction industry and broader economic conditions.
Methodology
The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Historical Context
This metric is used by analysts to assess the outlook for the construction sector and overall economic growth.
Key Facts
- The series dates back to 1992.
- Construction materials make up around 5% of total U.S. manufacturing.
- New orders typically peak in the summer construction season.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of new orders placed with U.S. manufacturers for construction materials and supplies, on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of construction activity and consumer demand, which are important indicators of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the outlook for the construction sector and overall economic growth.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the source is based on monthly surveys by the Census Bureau.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (XTWEGD01O1A667S), retrieved from FRED.