| Source |
MLIT (latest release) |
|
| Measures |
Change in the number of new residential buildings that began construction; |
|
| Usual Effect |
Actual > Forecast = Good for currency; |
|
| Frequency |
Released monthly, about 30 days after the month ends; |
|
| Next Release |
Aug 30, 2012 |
|
| Why Traders Care |
It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder; |
|
| Acro Expand |
Ministry of Land, Infrastructure, Transport, and Tourism (MILT); |
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