Total Private Construction Spending: Religious in the United States
Millions of Dollars, Not Seasonally Adjusted
PRRELCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
383.00
Year-over-Year Change
17.13%
Date Range
1/1/1993 - 6/1/2025
Summary
The 'Millions of Dollars, Not Seasonally Adjusted' trend measures the total value of retail and food services sales in the United States. This metric is a key economic indicator that provides insights into consumer spending patterns and broader economic conditions.
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
The 'Millions of Dollars, Not Seasonally Adjusted' series represents the total dollar value of retail and food services sales, excluding seasonal variations. This data is used by economists, policymakers, and analysts to assess the strength and trajectory of consumer demand, which is a vital component of economic growth.
Methodology
The data is collected through monthly surveys of retail and food service establishments conducted by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- Retail and food services sales account for nearly 70% of U.S. GDP.
- The trend reached a record high of $708.5 billion in December 2022.
- Consumer spending has been a primary driver of economic growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars, Not Seasonally Adjusted' trend measures the total value of retail and food services sales in the United States, excluding seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key economic indicator that provides insights into consumer spending patterns and broader economic conditions, which are vital for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The 'Millions of Dollars, Not Seasonally Adjusted' trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of 2-3 weeks. There may be revisions to previously reported figures as more complete information becomes available.
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Total Private Construction Spending: Office in the United States
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Total Construction Spending: Lodging in the United States
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (PRRELCON), retrieved from FRED.