- U.S. construction spending increases less than expected in March
Market news
3 May 2021
U.S. construction spending increases less than expected in March
The
Commerce Department announced on Monday that construction spending rose 0.2
percent m-o-m in March after a revised 0.6 percent m-o-m drop in February
(originally a 0.8 percent m-o-m decrease).
Economists
had forecast construction spending growing 1.9 percent m-o-m in March.
According
to the report, spending on private construction rose 0.7 percent m-o-m, while investment
in public construction fell 1.5 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