Construction Spending
An economic indicator that measures the amount of spending towards new construction. Released monthly by the U.S. Department of Commerce's Census Bureau, it looks at residential and non-residential construction in the private sector, and state and federal at the public level.
Investopedia Commentary
This measure has a minimal effect on the markets but is used to help predict upcoming GDP numbers as construction investment is a factor in GDP calculations.
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Economic Indicators to Know
See also: Business Cycle Indicators - BCI, Economy, Gross Domestic Product - GDP, Housing Starts, Indicator