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Construction industry gross output in United States goes down in Q3 of 2017

In comparison with the previous quarter construction gross output negligibly went down by 0.4%, new statistics from U.S. Bureau of Economic Analysis illustrate. The indicator declined barely by 5.9 billion US Dollars, as it follows the tendency of the prior quarter when it dropped by 1.41 percent. In Q3 2016, the variable went up by 0.35% and hit 1 442.8 billion US Dollars. Between Q3 2016 and Q3 of the year after, the indicator illustrates a 0.69% variation. United States saw a growth of 18.25% in construction gross output during the last 12 years. Furthermore, the construction gross output is now higher than its average which equals 1 229.57 billion US Dollars with a sharp overall rise since the start of time series. It attained its all-time high of 1 479.6 billion US Dollars in 1Q 2017 and record low of 970.5 billion US Dollars in Q1 of 2011.

Construction industry gross output in United States goes down in Q3 of 2017
Date Billion US Dollars Variation
Q3 2017 1 452.80 -0.4
Q2 2017 1 458.70 -1.41
Q1 2017 1 479.60 1.28
Q4 2016 1 460.90 1.25
Q3 2016 1 442.80 0.35
Q2 2016 1 437.70 0.76
Q1 2016 1 426.80 3.74
Q4 2015 1 375.40 -0.28
Q3 2015 1 379.20 1.14
Q2 2015 1 363.70 4.61

Related Statistics

Construction Output in other Countries

Main Construction Indicators

  • Building Permits

    Number of issued building permits, it is an indicator of the construction sector's growth. A building permit is an authorisation to start work on a building project. As such, a permit is the final stage of planning and building authorisations from public authorities, prior to the start of work. Based on: Eurostat.

  • Construction Completions

    Number of new privately owned housing units completed. Is is an indicator of construction work actually completed within a given period of time or at a particular point in time. Based on: Organisation for Economic Co-operation and Development.

  • Construction GDP

    Value of output of the construction industry less the value of intermediate consumption (intermediate inputs) used in this industry. It can be expressed in millions or billions of national currency, or in percentage of GDP. Based on: Organisation for Economic Co-operation and Development.

  • Construction Output

    Measure of the production in the construction industry.

  • Construction Spending

    Value of total spending in the construction industry, usually expressed in millions billions of national currency. It includes the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction and contractor's profts. Based on: US Census Bureau.

  • Construction Starts

    Number of new buildings on which construction has been started in a given period. Start of a construction occurs when excavation begins for the footings or foundation of a building. Based on: U.S. Census Bureau.

  • Buildings Under Construction

    Number of buildings in a state of construction (up until they receive their certificate of occupancy), at a given date in a country.

  • Building Materials Import

  • Building Materials Export