Tuesday , 3 December 2024
Home Forex US August construction spending -0.1% vs +0.1% expected
Forex

US August construction spending -0.1% vs +0.1% expected

  • Prior month -0.3%
  • Seasonally adjusted annual rate $2,131.9 billion vs $2,162.7 billion prior
  • Construction spending +4.1% y/y in August
  • Private construction -0.2% m/m
  • Public construction +0.3% m/m
  • Residential -0.3% m/m, +2.7% y/y
  • Nonresidential +0.1% m/m, +5.2% y/y

Construction spending dipped slightly in August but remains solidly higher compared to last year. The housing sector continues to face headwinds, while nonresidential and public construction are showing more strength.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

WTII crude rises above $70 before the OPEC decision

Oil is posting strong gains ahead of Thursday's OPEC meeting. WTI crude...

European equity close: Another record for the DAX

Closing changes in Europe:Stoxx 600 +0.4%German DAX +0.5%France CAC +0.3%UK FTSE 100...

South Korean parliament votes to block President’s martial law declaration

I guess they got inside of parliament. FootaWhat a mess. USD/KRW has...

OPEC November output rose 180K – survey

OPEC production rose by 180K per day in November, according to the...