Construction Spending is a government economic indicator that measures the total amount of spending on construction projects in a given period. It includes both residential and non-residential construction and is reported monthly by the U.S. Census Bureau.
Construction spending is an important indicator of the health of the construction industry and the overall economy. When construction spending is rising, it is generally a sign of economic growth and can lead to job creation and increased consumer spending. On the other hand, a decline in construction spending can signal a slowdown in economic activity.
In addition, changes in construction spending can have an impact on other industries, such as manufacturing, as they rely on the construction industry to provide materials and equipment. Therefore, construction spending can be an important factor to consider for investors when making decisions about their portfolios.
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