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Data from U.S. Census Bureau. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Construction Spending MoM climbed to 0.9% in August 2026
U.S. Census BureauMonthlyReleased October 2026
US Construction Spending MoM climbed to 0.9% in August 2026, released October 2026, up 1.0% from July's -0.1% reading. The print exceeded the 0.0% consensus by 0.9%. The print is running well above the 12-month average of -0.01%. Over the past 3 months, Construction Spending MoM averaged -0.3%, vs 0.5% in the prior 3-month window. Construction Spending MoM is now the highest in 39 months.
Latest Release
0.9
Actual
0
Consensus
-0.1
Previous
Median Absolute Error
±0.4 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: -0.2
Actual: 0.9
Error: -1.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.86 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.79 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.62 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.58 | COMMODITIES | Moves with | → View |
| AAPL | ▼ Inverse | −0.58 | STOCKS | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Spending MoM (United States) was reported at 0.9% in October 2026. This beat the market consensus of 0% by 0.9%. The reading rose from the previous value of -0.1%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.13%, ranging from -0.5% to 0.9% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 0.1%, down from the prior three at 0.13%. Volatility over the past year (σ 0.44%) is higher than the prior year (σ 0.39%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.4%.
WHAT TO WATCH NEXT
The next release is scheduled for November 2, 2026. Same-country events in the next 14 days include Initial Jobless Claims (Oct 29) and GDP Price Index QoQ (Oct 29).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Construction Spending MoM - US
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About Construction Spending MoM — United States
DEFINITION
Construction Spending MoM is a financial indicator that measures the month-over-month change in the total amount of money spent on construction projects in a given country. This indicator provides valuable insights into the health of the construction industry and the overall economy, as increased spending on construction typically indicates growth and investment. It is closely monitored by economists, investors, and policymakers as a key measure of economic activity and future trends.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 0.9 %, consensus 0 %. Prior reading (Jul 2026): -0.5 %. Before that (Jun 2026): -0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bearish GBP, r=-0.86) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Wednesday, October 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Wholesale Inventories MoM | 0.6 | 0.5 | 0.5 | 0.55 | Medium |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.4 | 0.1 | -0.1 | 0.15 | Medium |
| 12:30 | US | Goods Trade Balance | -134.9 | -132.07 | -130 | -132.45 | High |
| 14:30 | US | EIA Distillate Stocks Change | -1.462 | 1.675 | -0.9 | -1.18 | Low |
| 14:30 | US | EIA Crude Oil Stocks Change | -1.892 | -3.061 | 0 | -0.95 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 3.87 | -2.952 | -0.9 | 1.49 | Medium |
| 18:00 | US | Fed Interest Rate Decision | 4 | 4 | 4 | 4.00 | High |
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Initial Jobless Claims | 194 | 199 | 197.50 | High | |
| 12:30 | US | GDP Price Index QoQ | 6.1 | 3.2 | 4.55 | Medium | |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index YoY | 3.4 | 3.6 | 3.60 | Medium | |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index MoM | 0.3 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Core PCE Price Index YoY | 3 | 3.1 | 3.10 | High | |
| 12:30 | US | Jobless Claims 4-Week Average | 197.75 | 197 | 193.38 | High | |
| 12:30 | US | Continuing Jobless Claims | 1728 | 1720 | 1711.00 | High | |
| 12:30 | US | Real Consumer Spending QoQ | 3.8 | 3.9 | 5.30 | Low | |
| 12:30 | US | GDP Sales QoQ | 2.8 | 3.5 | 3.90 | Low | |
| 12:30 | US | Personal Spending MoM | 0.9 | 0.6 | 0.60 | High | |
| 12:30 | US | GDP Growth Rate QoQ | 2.2 | 3.2 | 2.90 | High | |
| 12:30 | US | Core PCE Prices QoQ | 3.3 | 2.4 | 2.35 | Low | |
| 12:30 | US | PCE Prices QoQ | 5 | 3.4 | 3.95 | Low | |
| 14:30 | US | EIA Natural Gas Stocks Change | 77 | 75 | 71.50 | Low | |