The Construction Spending Index is a monthly economic indicator that measures the total amount of money spent on construction in the United States. It is released by the US Census Bureau and is considered an important measure of the health of the construction industry and the overall economy.
The index is calculated by measuring the total value of construction put in place, which includes spending on residential and non-residential construction, as well as public and private construction projects. The index is reported on both a nominal and real (inflation-adjusted) basis.
Changes in the Construction Spending Index can impact financial markets, as they may indicate changes in the level of construction activity and overall economic growth. For example, if construction spending is increasing, it may indicate a growing economy, which could be positive for stock prices. On the other hand, if construction spending is decreasing, it may indicate a slowing economy, which could be negative for stock prices.
The Construction Spending Index is closely watched by investors, economists, and policymakers, as it provides insights into the health of the construction industry and the overall economy. The index can also be used to anticipate changes in employment, inflation, and other key economic indicators.
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