Economic EventConstruction Spending
UnitsPercentage Change from Previous Period
Current PeriodNov 2012
Release DateJan. 02. 13
Consensus for Current Period0.7
Number of Forecasts28
Economic Surprise-1 ( -142.86 % )
Prior PeriodOct 2012
Reported Value for Prior Period0.7
Revised From1.4
Next Release DateFeb. 01. 13
Next Release Time10:00 AM Eastern Time
DescriptionConstruction spending represents the payout by builders on residential and nonresidential structures. The principal significance of the construction spending stats is that they are the basis for components of GDP: investment in residential and non residential structures, and state and local government spending. By measuring actual spending, construction spending differs from housing starts, which simply count the number of houses on which construction has begun.
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