Construction spending
Construction spending
This indicator is released in two variants: as an absolute value on all summarized spending or as a correlation between the current reporting period and the previous one. This indicator is very dependant on the change in interest rates as construction projects usually require the use of credit. Also, because of market peculiarities the construction spending index varies from season to season. In addition, this index indirectly characterizes the level of income of the population as the rise of construction spending indicates growth in the well-being of the people. The influence on the market is moderate. Construction spending growth is a favourable condition for national currency growth. The index is released on the first working-day of every month at 10:00 EST (New York).
