Total Private Construction Spending: Transportation in the United States
PRTRANSCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,240.00
Year-over-Year Change
1.28%
Date Range
1/1/1993 - 6/1/2025
Summary
The Total Private Construction Spending: Transportation in the United States measures investment in transportation infrastructure projects by private companies. This metric is a key indicator of economic activity and can inform policymakers on private-sector investment trends.
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 new private construction projects for transportation-related facilities such as roads, bridges, airports, and rail networks. It provides insight into the private sector's commitment to expanding and upgrading the nation's transportation infrastructure.
Methodology
The data is collected through surveys of construction firms by the U.S. Census Bureau.
Historical Context
This metric is used by economists and policymakers to assess the private sector's role in transportation infrastructure development.
Key Facts
- Transportation construction accounts for approximately 10% of total private construction spending.
- Private transportation construction spending declined during the 2008-2009 recession but has since recovered.
- The transportation sector is a key driver of economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of new private construction projects for transportation-related facilities such as roads, bridges, airports, and rail networks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the private sector's commitment to expanding and upgrading the nation's transportation infrastructure, which is a key driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the private sector's role in transportation infrastructure development and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Total Private Construction Spending: Transportation in the United States (PRTRANSCONS), retrieved from FRED.