Total Public Construction Spending: Highway and Street in the United States
PBHWYCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144,070.00
Year-over-Year Change
4.35%
Date Range
1/1/2002 - 6/1/2025
Summary
The Total Public Construction Spending: Highway and Street in the United States measures government expenditures on highway and street infrastructure projects, providing insight into the nation's transportation investment.
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 indicator tracks public sector spending on the construction, maintenance, and improvement of highways, streets, and related transportation infrastructure. It is a key metric for analyzing government priorities, infrastructure investment, and the health of the construction industry.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the state of transportation infrastructure and guide funding decisions.
Key Facts
- Government spending on highways and streets totaled $107.4 billion in 2022.
- Public highway and street construction accounts for over a third of total public construction spending.
- Infrastructure investment is a key policy lever for stimulating economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks government expenditures on the construction, maintenance, and improvement of highways, streets, and related transportation infrastructure.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into government priorities and funding for transportation infrastructure, which is crucial for economic growth, efficiency, and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of transportation infrastructure and guide funding decisions to support economic development and mobility.
Q: Are there update delays or limitations?
A: The data is released with a one-month lag, and it may not capture all state and local government spending on highways and streets.
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Citation
U.S. Federal Reserve, Total Public Construction Spending: Highway and Street in the United States (PBHWYCONS), retrieved from FRED.