Construction Spending Beats Expectations, Rises 0.5%

jackhammer construction worker

Construction spending for the month of September increased by 0.5%.

It was expected to fall 0.5%.

In August, construction spending increased 0.4% after a steep decline in July.

So that means we have 2 months of consecutive growth.

Markets have continued to push on this morning, even though we had disappointing consumer data earlier.

  • Dow up 0.91%
  • NASDAQ up 0.80%
  • S&P 500 up 0.84%

Don’t believe the hype? Here are 15 reasons why the housing market is headed for a complete and total collapse >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at