US construction spending for December 0.5% versus 0.2% estimate

• Prior month 0.0% revised to +0.2%
• Construction spending for December 0.5% vs 0.2% expected
• YoY +6.5%

Private Construction (Dec 2024): $1,688.5B (+0.9% MoM)

• Residential: $939.5B (+1.5% MoM)
• Nonresidential: $749.0B (+0.1% MoM)

Private Construction (Full-Year 2024): $1,661.7B (+5.6% YoY)

• Residential: $917.9B (+5.9% YoY)
• Nonresidential: $743.8B (+5.3% YoY)

Public Construction (Dec 2024): $503.6B (-0.5% MoM)

• Educational: $109.5B (-0.6% MoM)
• Highway: $143.3B (+0.7% MoM)

Public Construction (Full-Year 2024): $492.7B (+9.3% YoY)

• Educational: $105.2B (+8.5% YoY)
• Highway: $142.7B (+4.1% YoY)

This article was written by Greg Michalowski at www.forexlive.com.