2019 Economic Calendar
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Construction Spending  
Released On 2/1/2019 10:00:00 AM For Nov, 2018
 PriorPrior RevisedConsensusConsensus RangeActual
Month over Month-0.1 %0.1 %0.2 %-0.1 % to 2.0 %0.8 %
Year over Year4.9 %3.4 %3.4 %
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
This report for November was originally scheduled for release on January 3 but, due to the government shutdown, has been rescheduled for today, February 1. Forecasters saw only a modest bounce higher in November for construction spending having fallen in three of the last four reports and four out of the last five. Econoday's consensus is a 0.2 percent gain following an October report where weakness in single-family homes as well as home improvements offset another month of strength in public building. Note that December's data have to be rescheduled.

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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