MarketXLS

Real Private Nonresidential Fixed Investment 4.107T for 

Real Private Nonresidential Fixed Investment came in at 4.107T for Q3 2026, up 3.04% from 3.986T the prior quarter and 8.37% above its level of 3.79T one year ago. The series has averaged 2.659T since 2007, reaching a record high of 4.107T in July 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

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⋮
July 1, 20264.107T
April 1, 20263.986T
January 1, 20263.901T
October 1, 20253.81T
July 1, 20253.79T
April 1, 20253.754T
January 1, 20253.686T
October 1, 20243.593T
July 1, 20243.599T
April 1, 20243.548T
January 1, 20243.525T
October 1, 20233.5T
July 1, 20233.45T
April 1, 20233.432T
January 1, 20233.346T
October 1, 20223.273T
July 1, 20223.211T
April 1, 20223.16T
January 1, 20223.109T
October 1, 20213.025T
⋮
⋮
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

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 4.107T as of July 2026.

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

The highest value on record is 4.107T (July 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 updatedOctober 29, 2026
Seasonal adjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Stats
Last Value4.107T
Latest PeriodQ3 2026
Last UpdatedOctober 29 2026, 08:03
Value Previous Quarter3.986T
Change From Previous Quarter3.04%
Value 1 Year Ago3.79T
Change From Year Ago8.37%
Average Growth Rate3.92%/yr
Record High (Jul 2026)4.107T
Record Low (Jul 2009)1.695T
Long-Term Average2.659T
FrequencyQuarterly
AdjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Annual Averages
20263.998T
20253.76T
20243.566T
20233.432T
20223.188T
20212.995T
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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