2012 Economic Calendar
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Construction Spending 
Released On 11/1/2012 9:00:00 AM For Sep, 2012
  PriorPrior RevisedConsensusConsensus RangeActual
Construction Spending - M/M change-0.6 %-0.1 %0.6 %-0.2 % to 1.0 %0.6 %
Construction Spending - Y/Y change6.5 %7.6 %7.8 %

Highlights
While manufacturing remains sluggish, construction made a comeback. Construction spending rebounded 0.6 percent in September, following a decline of 0.1 percent the prior month (originally down 0.6 percent). Market expectations were for a 0.6 percent gain.

The boost in September was led by a 2.8 percent increase in private residential outlays after a 1.2 percent fall the month before. For the current month, private nonresidential spending slipped 0.1 percent while public outlays decreased 0.8 percent.

On a year-ago basis, overall construction was up 7.8 percent in September, compared to 7.6 percent the month before.

The construction sector continues to improve but largely in housing.

Recent History Of This Indicator
Construction spending declined 0.6 percent in August, following a 0.4 percent drop in July. The decrease in August was led by a 1.7 percent decline in private nonresidential outlays after a 0.5 percent dip the month before. Also, public outlays fell 0.8 percent, following a 0.5 percent decrease in July. On the positive side, private residential spending rebounded a notable 0.9 percent, following a 0.1 percent slip in July.

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
 

 

2012 Released Schedule
Released On: 1/32/13/14/25/16/17/28/19/410/111/112/3
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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