- U.S. construction spending rises in line with expectations in November
Market news
4 January 2021
U.S. construction spending rises in line with expectations in November
The Commerce
Department announced on Monday that construction spending rose 0.9 percent m-o-m
in November after a revised 1.6 percent m-o-m climb in October (originally a 1.3
percent m-o-m advance).
Economists had
forecast construction spending increasing 0.9 percent m-o-m in November.
According to
the report, spending on private construction increased 1.2 percent m-o-m, while
investment in public construction declined 0.2 percent m-o-m.
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 disclaimerOpen Demo Account & Personal Page