- U.S. construction spending unexpectedly increases in March
Notícias do Mercado
1 maio 2020
U.S. construction spending unexpectedly increases in March
The Commerce Department announced on Friday that construction spending rose 0.9 percent m-o-m in March after a revised 2.5 percent m-o-m decline in February (originally a 1.3 percent m-o-m drop).
Economists had forecast construction spending decreasing 3.5 percent m-o-m in March.
According to the report, spending on private construction increased 0.7 percent m-o-m, while investment in public construction climbed 1.6 percent m-o-m.
On a y-o-y basis, construction spending jumped 4.7 percent in March.
For the first quarter of 2020, construction spending surged 6.7 percent y-o-y.
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