Total Private Construction Spending: Office in the United States
Millions of Dollars, Not Seasonally Adjusted
PROFCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,442.00
Year-over-Year Change
-1.33%
Date Range
1/1/1993 - 6/1/2025
Summary
The 'Millions of Dollars, Not Seasonally Adjusted' trend measures personal consumption expenditures, a key indicator of economic activity and consumer demand.
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 represents the value of goods and services purchased by households, a critical component of gross domestic product (GDP). It provides insights into consumer spending patterns and the overall health of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor personal consumption expenditures to assess economic conditions and guide fiscal and monetary policies.
Key Facts
- Personal consumption expenditures account for over two-thirds of U.S. GDP.
- Consumer spending has a significant impact on economic growth and inflation.
- The trend 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 goods and services purchased by U.S. households.
Q: Why is this trend relevant for users or analysts?
A: Personal consumption expenditures are a crucial indicator of economic health and consumer demand, providing insights that inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor personal consumption expenditures to assess the overall state of the economy and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The personal consumption expenditures data is released monthly with a short lag, providing timely insights into consumer spending patterns.
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (PROFCON), retrieved from FRED.