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
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