Total Public Construction Spending: Highway and Street in the United States
Percent Change from Preceding Period, Seasonally Adjusted
MPCP12XXS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-115.38%
Date Range
2/1/2002 - 6/1/2025
Summary
The 'Percent Change from Preceding Period, Seasonally Adjusted' metric tracks the month-over-month change in production, accounting for seasonal variations. It provides insights into the momentum and direction of industrial output.
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 economic indicator measures the monthly percent change in overall industrial production, including manufacturing, mining, and utilities. It is a key gauge of economic health and is closely watched by policymakers, analysts, and investors.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The industrial production trend is a leading indicator used to assess the business cycle and guide monetary and fiscal policy decisions.
Key Facts
- The industrial production index covers approximately 75% of the output of the U.S. industrial sector.
- Percent changes are calculated from seasonally adjusted indexes, which remove regular seasonal patterns.
- Industrial production rebounded strongly in 2021 after pandemic-related declines in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Preceding Period, Seasonally Adjusted' metric tracks the month-over-month change in overall industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key gauge of economic health and industrial activity, providing insights into the momentum and direction of the manufacturing sector. It is closely watched by policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The industrial production trend is a leading indicator used to assess the business cycle and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly with a typical delay of around six weeks.
Related Trends
Total Private Construction Spending: Office in the United States
PROFCONS
Total Construction Spending: Total Construction in the United States
TTLCONS
Total Construction Spending: Manufacturing in the United States
TLMFGCONS
Total Construction Spending: Lodging in the United States
TLLODGCONS
Total Public Construction Spending: Amusement and Recreation in the United States
PBAMUSCONS
Total Private Construction Spending: Health Care in the United States
PRHLTHCONS
Citation
U.S. Federal Reserve, Percent Change from Preceding Period, Seasonally Adjusted (MPCP12XXS), retrieved from FRED.