Total Private Construction Spending: Nonresidential in the United States
Millions of Dollars, Not Seasonally Adjusted
PNRESCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,838.00
Year-over-Year Change
-4.21%
Date Range
1/1/1993 - 6/1/2025
Summary
The 'Millions of Dollars, Not Seasonally Adjusted' trend measures the total value of personal consumption expenditures in the U.S. economy. This key indicator provides insights into consumer spending patterns and is closely watched by economists and policymakers.
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
Personal consumption expenditures (PCE) represent the value of goods and services purchased by U.S. households. This series is not seasonally adjusted, meaning the data reflects the actual month-over-month changes without adjusting for typical seasonal variations.
Methodology
The data is collected through household surveys and business reports by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in personal consumption expenditures are crucial for understanding the overall health of the U.S. economy and can inform monetary and fiscal policy decisions.
Key Facts
- PCE accounts for over two-thirds of U.S. GDP.
- Durable goods, nondurable goods, and services are all included in PCE.
- PCE data is released monthly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars, Not Seasonally Adjusted' trend measures the total value of personal consumption expenditures by U.S. households, including spending on durable goods, nondurable goods, and services.
Q: Why is this trend relevant for users or analysts?
A: Personal consumption expenditures are a crucial indicator of economic health and consumer confidence. Trends in PCE help economists and policymakers assess the strength of domestic demand and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and business reports by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in personal consumption expenditures are closely monitored by the Federal Reserve and other policymakers to help guide monetary and fiscal policy decisions that can impact consumer spending and the overall economy.
Q: Are there update delays or limitations?
A: The PCE data is released monthly by the Bureau of Economic Analysis, with a typical lag of around one month after the end of the reference period.
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Total Construction Spending: Commercial in the United States
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Total Construction Spending: Highway and Street in the United States
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (PNRESCON), retrieved from FRED.