Construction
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Construction industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
The Construction sector comprises establishments primarily engaged in the construction of buildings or engineering projects (e.g., highways and utility systems). Establishments primarily engaged in the preparation of sites for new construction and establishments primarily engaged in subdividing land for sale as building sites also are included in this sector.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had increased 0.4 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry increased 3.4 percent.
- Prices increased 11.9 percent in the five year period starting in January 2015 and ending in January 2020.
To download this data, or to learn more about how costs for this industry are measured, please contact us.
- As of January 2020, costs in this industry had 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 0.9 percent.
- Costs increased 11.7 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 43.8% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Mining, Quarrying, and Oil and Gas Extraction sector. Costs associated with this sector increased 4.7%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Manufacturing | 43.8% | +0.1% |
| Labor | 42% | +1.9% |
| Professional, Scientific, and Technical Services | 4.6% | +1% |
| Real Estate and Rental and Leasing | 3% | +0.5% |
| Mining, Quarrying, and Oil and Gas Extraction | 2.1% | +4.7% |
To download this data, or to learn more about how demand for this industry is measured, please contact us.
- As of July 2019, demand for this industry had increased 10 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 35 percent.
- Costs increased 39.6 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Private fixed investment sector. This sector accounts for 66.9% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Private fixed investment sector, where demand increased 42.8%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Private fixed investment | 66.9% | +42.8% |
| Government | 20% | +42.8% |
| Real Estate and Rental and Leasing | 6.7% | +0.1% |
| Public Administration | 4.1% | -1.1% |
| Manufacturing | 0.7% | -1.4% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is WPU80.
- Costs measured from January 2020
- Demand measured from July 2019
