- U.S. construction spending increases more than forecast in January
Notícias do Mercado
2 março 2020
U.S. construction spending increases more than forecast in January
The Commerce Department announced on Monday that construction spending climbed 1.8 percent m-o-m in January 2020 after a revised 0.2 percent m-o-m gain in December 2019 (originally a 0.2 percent m-o-m drop). This was the biggest monthly advance in construction spending since February 2018.
Economists had forecast construction spending increasing 0.7 percent m-o-m in January.
According to the report, spending on private construction surged 1.5 percent m-o-m, while investment in public construction jumped 2.6 percent m-o-m, the most since April 2018.
On a y-o-y basis, construction spending rose 6.8 percent in January, the highest annual increase since February 2017.
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