Construction Spending
Market Sensitivity: Low.
What Is It: Spending on public and private construction.
News Release on Internet: www.census.gov/constructionspending
Home Web address: www.census.gov
Release Time: 10 A.M. (ET); released five weeks following the reported month.
Frequency: Monthly.
Source: Census Bureau, Department of Commerce.
Revisions: Can be major. The two previous months are revised with each new release. In addition, there are annual benchmark changes every May that can go back two years or more.
Why Is It Important
Up to now, economic indicators that gauge construction activity have focused on residential real estate trends. The construction spending report, however, looks at both residential and nonresidential building. ...
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