Total Private Construction Spending: Manufacturing in the United States
PRMFGCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
224,606.00
Year-over-Year Change
-6.15%
Date Range
1/1/1993 - 6/1/2025
Summary
Total Private Construction Spending: Manufacturing measures investment in new construction projects for the U.S. manufacturing sector. This metric is a key indicator of economic activity and future production capacity.
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 series tracks the value of construction put in place for private manufacturing projects, including factories, warehouses, and other industrial facilities. It is used by economists and policymakers to assess capital investment trends and gauge the health of the broader manufacturing industry.
Methodology
The data is collected through surveys of construction firms and project owners by the U.S. Census Bureau.
Historical Context
Private construction spending is closely monitored for its implications on employment, business investment, and the overall direction of the economy.
Key Facts
- Reached a record high of $86.3 billion in December 2022.
- Declined by 1.7% in December 2022 compared to the previous month.
- Has increased by 10.3% over the past 12 months as of December 2022.
FAQs
Q: What does this economic trend measure?
A: The Total Private Construction Spending: Manufacturing series measures investment in new construction projects for the U.S. manufacturing sector, including factories, warehouses, and other industrial facilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and future production capacity, providing insights into capital investment trends and the health of the broader manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and project owners by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Private construction spending is closely monitored by economists and policymakers for its implications on employment, business investment, and the overall direction of the economy.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Total Private Construction Spending: Manufacturing in the United States (PRMFGCONS), retrieved from FRED.