Markets

Construction Spending Climbed In October

Construction spending increased 0.8% in October, which was stronger than the 0.4% increase expected by economists. This followed a 0.3% decline in September. Economists warned that their estimates may be way off because thanks to the government shutdown. “This makes the already revision prone construction data a particularly rough cut […]
Construction Spending Climbed In October
Markets

BEAT: Construction Spending Slows Less Than Expected And Hits 4-Year High

August construction spending datagrew 0.6%. That’s more than the consensus for a gain of 0.4%. But it’s down from July’s revised figure of 1.6%. Still, at $US915 billion, spending is at its highest level since in more than four years. The jobs data reported earlier today shows construction jobs climbed […]
BEAT: Construction Spending Slows Less Than Expected And Hits 4-Year High