2017 Economic Calendar
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Construction Spending  
Released On 8/1/2017 10:00:00 AM For Jun, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Construction Spending - M/M change0.0 %0.3 %0.5 %0.0 % to 1.0 %-1.3 %
Construction Spending - Y/Y change4.5 %3.8 %1.6 %

Highlights
June's construction spending report has much in common with June's personal income and outlays released earlier this morning: lack of any apparent life. Spending fell an unexpected 1.3 percent in June with a 3 tenths upward revision to May only a minor offset.

Residential spending in June fell 0.2 percent as a setback for multi-family units offset a respectable 0.3 percent gain for the important single-family category.

Private nonresidential spending inched 0.1 percent higher though public components all show sharp declines including highways & streets. Manufacturing was weak on the private side though offices, among the few consistently strong components in this report, did post a 2.9 percent gain for a year-on-year increase of 12.6 percent.

Year-on-year rates are mixed with single-family up 9.0 percent but multi-family up only 0.6 percent. Overall spending is up only 1.6 percent. Housing data have been hit and miss all year with the second-half likely turning on permits which, after a run of declines, did show life in June.

Recent History Of This Indicator
Construction spending in June is expected to post its first increase since March, at a consensus 0.5 percent. Residential spending has been softening and related data proved unusually weak in the second-quarter GDP report. Nonresidential investment was a highlight of the GDP report but spending in this report has also been slowing.

Definition
The dollar value of new construction activity on residential, non-residential, and public projects. Data are available in nominal and real (inflation-adjusted) dollars.  Why Investors Care
 
[Chart]
Over the last year, a decline in residential outlays has pulled down year-on-year growth for overall construction outlays. Nonresidential and public outlays are positive with nonresidential actually strong.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/32/13/14/35/16/17/38/19/110/211/112/1
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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