Construction Output Year-over-Year (YoY) measures the change in the total value of construction work completed, including residential, commercial, and infrastructure projects. It serves as a vital indicator of investment levels and long-term economic confidence. Because construction projects require significant capital and labor, this indicator is a major contributor to employment and overall economic growth.
The figure is calculated by comparing the total volume of construction work in the current month to the same month of the previous year, adjusted for inflation and seasonal factors.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Oct 30, 2022 | 3.90 | 4.20 | -0.30 |
| Sep 29, 2022 | 7.50 | 2.70 | +4.80 |
| Aug 30, 2022 | 2.00 | 2.60 | -0.60 |
| Jul 28, 2022 | 1.80 | 3.50 | -1.70 |
| Jun 29, 2022 | 8.20 | 1.50 | +6.70 |
| May 30, 2022 | -1.10 | 7.50 | -8.60 |
| Apr 28, 2022 | -7.30 | -13.10 | +5.80 |
| Mar 30, 2022 | -4.70 | — | — |
| Mar 1, 2022 | 6.80 | 3.20 | +3.60 |
| Jan 27, 2022 | 1.50 | -19.60 | +21.10 |
| Dec 29, 2021 | -5.60 | -6.60 | +1.00 |
| Nov 29, 2021 | -0.80 | 2.50 | -3.30 |
| Oct 28, 2021 | -8.40 | -3.80 | -4.60 |
| Sep 29, 2021 | 0.30 | -1.20 | +1.50 |
