Real Private Nonresidential Fixed Investment
Returns real (inflation-adjusted) private nonresidential fixed investment from FRED.
What This Includes
- Equipment
- Structures (commercial buildings)
- Intellectual property products
- Software and R&D
Data Source
Data is sourced from the Bureau of Economic Analysis via FRED.
Notes
- Key indicator of business confidence
- Leading indicator for economic growth
Syntax
=RealPrivateInvestmentNonresidential()Returns
number
Real nonresidential investment in billions
Examples
Business investment
When to Use
- Business investment analysis
- Capital spending trends
- Economic forecasting
- Business cycle research
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Residential investment | RealPrivateInvestmentResidential() |
| Total private investment | RealPrivateInvestment() |
| Government investment | RealGovtExpenditure() |
Common Issues & FAQ
What's nonresidential vs residential?
Nonresidential is business capital; residential is housing construction.
Why is this a leading indicator?
Business investment decisions precede economic expansion/contraction.
Related Formulas
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