MarketXLS

Real Private Nonresidential Fixed Investment

3.882T for Q2 2026

Real Private Nonresidential Fixed Investment came in at 3.882T for Q2 2026, up 2.04% from 3.804T the prior quarter and 6.09% above its level of 3.659T one year ago. The series has averaged 2.63T since 2007, reaching a record high of 3.882T in April 2026 and a record low of 1.695T in July 2009.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Real Private Nonresidential Fixed Investment," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/nonresidential-fixed-investment

Historical Data

Observation dateValue
April 1, 20263.882T
January 1, 20263.804T
October 1, 20253.71T
July 1, 20253.688T
April 1, 20253.659T
January 1, 20253.595T
October 1, 20243.514T
July 1, 20243.548T
April 1, 20243.517T
January 1, 20243.496T
October 1, 20233.483T
July 1, 20233.436T
April 1, 20233.422T
January 1, 20233.333T
October 1, 20223.266T
July 1, 20223.21T
April 1, 20223.163T
January 1, 20223.11T
October 1, 20213.022T
July 1, 20212.999T
April 1, 20213.011T
January 1, 20212.94T
October 1, 20202.875T
July 1, 20202.797T
April 1, 20202.681T
January 1, 20202.918T
October 1, 20192.97T
July 1, 20192.983T
April 1, 20192.955T
January 1, 20192.9T
October 1, 20182.88T
July 1, 20182.855T
April 1, 20182.837T
January 1, 20182.805T
October 1, 20172.729T
July 1, 20172.665T
April 1, 20172.64T
January 1, 20172.61T
October 1, 20162.585T
July 1, 20162.564T
April 1, 20162.526T
January 1, 20162.505T
October 1, 20152.502T
July 1, 20152.514T
April 1, 20152.498T
January 1, 20152.481T
October 1, 20142.48T
July 1, 20142.458T
April 1, 20142.406T
January 1, 20142.339T
October 1, 20132.302T
July 1, 20132.248T
April 1, 20132.208T
January 1, 20132.196T
October 1, 20122.163T
July 1, 20122.14T
April 1, 20122.147T
January 1, 20122.099T
October 1, 20112.047T
July 1, 20111.995T
April 1, 20111.906T
January 1, 20111.857T
October 1, 20101.859T
July 1, 20101.824T
April 1, 20101.775T
January 1, 20101.719T
October 1, 20091.707T
July 1, 20091.695T
April 1, 20091.705T
January 1, 20091.759T
October 1, 20081.902T
July 1, 20082.02T
April 1, 20082.058T
January 1, 20082.054T
October 1, 20072.046T
July 1, 20072.015T
April 1, 20071.983T
January 1, 20071.94T
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About Real Private Nonresidential Fixed Investment

What it measures

Real Private Nonresidential Fixed Investment (FRED series PNFIC1) measures inflation-adjusted business spending on structures, equipment, and intellectual property products such as software and research and development. The Bureau of Economic Analysis publishes it quarterly in chained dollars, and it is the standard national accounts measure of business capital expenditure.

Why it matters

This is the cleanest read on corporate capex in the GDP accounts. It reflects how firms are translating profits, financing conditions, and demand expectations into capacity expansion, and it drives long-run productivity growth. Analysts compare it with earnings-call guidance and durable goods orders to gauge the investment cycle and credit transmission.

How to read it

Rising nonresidential investment signals business confidence and typically supports future output growth; sustained declines warn of retrenchment and often precede or accompany recessions. Watch the composition: equipment is highly cyclical, structures respond slowly with long project lags, and intellectual property spending is the steadiest. Interest rate changes affect this series with a lag of several quarters.

Get Real Private Nonresidential Fixed Investment in Excel

Pull Real Private Nonresidential Fixed Investment directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=RealPrivateInvestmentNonresidential()

View the Real Private Nonresidential Fixed Investment formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Real Private Nonresidential Fixed Investment?

Real Private Nonresidential Fixed Investment is 3.882T as of April 2026.

What is the all-time high and low of Real Private Nonresidential Fixed Investment?

The highest value on record is 3.882T (April 2026) and the lowest is 1.695T (July 2009).

How often is Real Private Nonresidential Fixed Investment updated?

Real Private Nonresidential Fixed Investment is published on a quarterly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Real Private Nonresidential Fixed Investment in Excel?

Use the MarketXLS Excel formula =RealPrivateInvestmentNonresidential() to pull Real Private Nonresidential Fixed Investment directly into any cell, with historical values available for analysis.

Basic info
Real private nonresidential fixed investment made in the economy.
RegionUnited States
FrequencyQuarterly
Last updatedJuly 30, 2026
Seasonal adjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Stats
Last Value3.882T
Latest PeriodQ2 2026
Last UpdatedJuly 30 2026, 10:07
Value Previous Quarter3.804T
Change From Previous Quarter2.04%
Value 1 Year Ago3.659T
Change From Year Ago6.09%
Average Growth Rate3.67%/yr
Record High (Apr 2026)3.882T
Record Low (Jul 2009)1.695T
Long-Term Average2.63T
FrequencyQuarterly
AdjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Annual Averages
20263.843T
20253.663T
20243.519T
20233.419T
20223.187T
20212.993T
20202.818T
20192.952T
20182.844T
20172.661T
20162.545T
20152.499T

Related Indicators
Real Gross Domestic Product
Real Personal Consumption Expenditures
Real Gross Private Domestic Investment
Real Government Spending
Real Net Exports of Goods and Services
Real Exports of Goods and Services
Real imports of goods and services
Federal Receipts
Federal Net Outlays
Federal Surplus or Deficit
US Federal Debt (Total Public Debt)
Real Private Residential Fixed Investment
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