Total Private Construction Spending: Office in the United States
Percent Change from Preceding Period, Seasonally Adjusted
MPCV02XXS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.40
Year-over-Year Change
-187.50%
Date Range
2/1/2002 - 6/1/2025
Summary
The 'Percent Change from Preceding Period, Seasonally Adjusted' metric measures the month-over-month percent change in a given economic indicator, adjusted for seasonal fluctuations. This metric provides insights into the underlying growth or contraction trends of the U.S. economy.
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 series tracks the seasonally adjusted percent change in various economic indicators, such as industrial production, retail sales, and personal income. It is a widely-used measure for analyzing short-term economic dynamics and identifying turning points in the business cycle.
Methodology
The data is collected through surveys and administrative records, then seasonally adjusted using statistical methods.
Historical Context
Policymakers and analysts closely monitor this metric to assess the health and direction of the U.S. economy.
Key Facts
- The metric is reported on a monthly basis.
- Positive values indicate economic expansion, while negative values signify contraction.
- Seasonal adjustment helps isolate the underlying economic trend from regular, predictable fluctuations.
FAQs
Q: What does this economic trend measure?
A: This metric measures the month-over-month percent change in various economic indicators, such as industrial production, retail sales, and personal income, after adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the underlying growth or contraction dynamics of the U.S. economy, helping policymakers and analysts assess the current state and direction of the business cycle.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records, then seasonally adjusted using statistical methods to remove regular, predictable fluctuations.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to gauge the health and direction of the U.S. economy, informing decisions related to monetary policy, fiscal policy, and other economic interventions.
Q: Are there update delays or limitations?
A: This metric is published on a monthly basis, with a typical release lag of 1-2 months. The data may be subject to revisions as more complete information becomes available.
Related Trends
Total Construction Spending: Sewage and Waste Disposal in the United States
TLSWDCONS
Total Private Construction Spending: Total Construction in the United States
TLPRVCONS
Total Construction Spending: Highway and Street in the United States
TLHWYCONS
Total Private Construction Spending: Power in the United States
PRPWRCON
Total Construction Spending: Educational in the United States
TLEDUCONS
Total Private Construction Spending: Educational in the United States
PREDUCONS
Citation
U.S. Federal Reserve, Percent Change from Preceding Period, Seasonally Adjusted (MPCV02XXS), retrieved from FRED.