• US construction spending tumbled well below forecasts in June - Marketwatch

Market news

1 August 2016

US construction spending tumbled well below forecasts in June - Marketwatch

Spending on construction tumbled 0.6% in June, with declines spread evenly across the private and public sectors, the Commerce Department said Monday. That was well below forecasts. Economists surveyed by Econoday had expected a 0.6% increase. Outlays are still 6.2% higher for the first six months of the year compared to the same period in 2015. Housing seems to be holding its own: private residential construction was up 2.6% during the month, making it one of the strongest categories.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.