2018 Economic Calendar
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Construction Spending  
Released On 12/3/2018 10:00:00 AM For Oct, 2018
 PriorPrior RevisedConsensusConsensus RangeActual
Month over Month0.0 %-0.1 %0.3 %0.0 % to 0.6 %-0.1 %
Year over Year7.2 %4.9 %
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
Forecasters see a modest bounce higher for construction spending in October which looks to get a boost from a very easy comparison with September which came in unchanged. Econoday's consensus is a 0.3 percent gain following a September report where weakness in both residential and non-residential construction offset strength in public spending.

Relative Performance Index

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

 

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

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