Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Here Comes Construction Spending...

Mamta BadkarSep 3, 2013, 19:08 IST

Reuters/Gary CameronConstruction spending for July is out at 10 a.m. ET.

Economists polled by Bloomberg are looking for construction spending to rise 0.4% month-over-month. This compares to a 0.6% fall in June.

Investors watch this number because it offers insights into the housing market and into homebuilder stocks.

It also helps gauge the health of the economy, as companies and the government invest in new infrastructure when they are feeling confident about the economy.