EconPapers    
Economics at your fingertips  
 

Using Private Sector “Big Data” as an Economic Indicator: The Case of Construction Spending

Daniel Aaronson and Scott Brave ()

Chicago Fed Letter, 2016, No 366

Abstract: This Chicago Fed Letter provides an account of our collaboration with the construction contracts and payment management firm Textura to use their data to evaluate the state of U.S. construction spending. We show that new construction projects budgeted by Textura?s clients are a leading indicator for total U.S. construction spending and provide information beyond other already publicly available data.

Keywords: Textura; Construction spending; Economic indicators (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.chicagofed.org/~/media/publications/ch ... cfl366-pdf.pdf?la=en Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhle:00054

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Chicago Fed Letter from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Bernie Flores ().

 
Page updated 2020-04-01
Handle: RePEc:fip:fedhle:00054