- U.S. construction spending unexpectedly falls in June
Noticias del mercado
1 agosto 2019
U.S. construction spending unexpectedly falls in June
The Commerce
Department said on Thursday that construction spending fell 1.3 percent m-o-m
in June after a revised 0.5 percent m-o-m drop in May (originally a 0.8 percent
m-o-m decline). It was the largest drop since November 2018.
Economists had
forecast construction spending increasing 0.5 percent m-o-m in June.
On a y-o-y
basis, construction spending dropped 1.2 percent in June.
According to
the report, investment in public construction tumbled 3.7 percent m-o-m (the largest
monthly drop since March of 2002), while spending on private construction fell
0.5 percent m-o-m.
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