Construction Spending

Construction spending refers to the total amount of money spent on building projects such as homes, commercial buildings, infrastructure, and public infrastructure. It includes all costs related to planning, designing, materials, labor, and equipment necessary to complete these projects. This indicator reflects economic activity within the construction sector and can signal overall economic health, growth, or slowdown. Higher construction spending typically suggests increased investment and confidence in the economy, while lower spending may indicate a slowdown or reduction in new projects. It provides insights into the investment climate and construction industry trends.