December Construction Spending Falls 2.5% Well Below Expectations

construction

FirstBaptistNashville via Flickr

Headline number: Down 2.5% month-over-monthConsensus: All over the place, Bloomberg says a 0.2% rise

Last Month: 0.4% month-over-month increase

Analysis: Not a good number for construction spending, after three months of consecutive growth.

Markets taking it in stride, paying more attention to the bullish ISM number.

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