Total Private Construction Spending: Manufacturing in the United States
Millions of Dollars, Not Seasonally Adjusted
PRMFGCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,958.00
Year-over-Year Change
-6.55%
Date Range
1/1/1993 - 6/1/2025
Summary
The 'Millions of Dollars, Not Seasonally Adjusted' trend measures the value of new manufacturing construction put in place in the United States. This metric is a key indicator of economic activity and investment in the manufacturing sector.
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 data series tracks the dollar value of new construction projects for manufacturing facilities across the U.S. It provides insights into business investment and can signal changes in the production capacity of the industrial economy.
Methodology
The data is collected through surveys by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to gauge the health and outlook of the manufacturing industry.
Key Facts
- The series dates back to 1964.
- Values peaked at over $80 billion in 2000.
- Construction spending declined sharply during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars, Not Seasonally Adjusted' trend measures the value of new construction projects for manufacturing facilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into business investment and the production capacity of the manufacturing sector, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health and outlook of the manufacturing industry, which informs decisions around economic policy and industrial development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (PRMFGCON), retrieved from FRED.