Total Public Construction Spending: Nonresidential in the United States
PBNRESCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
502,273.00
Year-over-Year Change
5.12%
Date Range
1/1/2002 - 6/1/2025
Summary
The 'Total Public Construction Spending: Nonresidential' trend measures government expenditures on non-residential construction projects in the United States. It serves as an important indicator of economic activity and infrastructure 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 series tracks the total value of public construction projects for non-residential buildings, such as schools, hospitals, and infrastructure. It is used by economists and policymakers to assess the government's role in driving economic growth through capital investments.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau.
Historical Context
Policymakers monitor this trend to gauge public investment levels and guide decisions on fiscal policy and government spending.
Key Facts
- Public non-residential construction accounts for over 60% of total public construction spending.
- The series has shown a decline in recent years as government budgets tightened.
- Education and transportation infrastructure are the largest components of public non-residential construction.
FAQs
Q: What does this economic trend measure?
A: The 'Total Public Construction Spending: Nonresidential' trend measures government expenditures on the construction of non-residential buildings and infrastructure, such as schools, hospitals, and transportation projects.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers as it provides insight into the government's role in driving economic growth through capital investments in public infrastructure and facilities.
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 monitor this trend to gauge public investment levels and guide decisions on fiscal policy and government spending on infrastructure and public facilities.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month lag, providing timely insights on government construction activity.
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Citation
U.S. Federal Reserve, Total Public Construction Spending: Nonresidential in the United States (PBNRESCONS), retrieved from FRED.