- U.S. construction spending rises slightly more than forecast in December
Market news
1 February 2021
U.S. construction spending rises slightly more than forecast in December
The Commerce
Department announced on Monday that construction spending rose 1.0 percent
m-o-m in December after a revised 1.1 percent m-o-m gain in November
(originally a 0.9 percent m-o-m advance).
Economists had
forecast construction spending increasing 0.9 percent m-o-m in December.
According to
the report, spending on private construction jumped 1.2 percent m-o-m, while
investment in public construction rose 0.5 percent m-o-m.
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