- U.S. construction spending unexpectedly drops in June
Notícias do Mercado
3 agosto 2020
U.S. construction spending unexpectedly drops in June
The Commerce
Department announced on Monday that construction spending declined 0.7 percent
m-o-m in June after a revised 1.7 percent m-o-m drop in May (originally a 2.1
percent m-o-m fall). This marked the fourth consecutive month of decrease in
construction spending.
Economists had forecast
construction spending increasing 1.0 percent m-o-m in June.
According to
the report, spending on both private and public construction fell 0.7 percent
m-o-m.
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