- U.S. construction spending rises more than expected in August
Notícias do Mercado
1 outubro 2020
U.S. construction spending rises more than expected in August
The Commerce
Department announced on Thursday that construction spending climbed 1.4 percent
m-o-m in August after a revised 0.7 percent m-o-m advance in July (originally a
0.1 percent m-o-m increase). This marked the largest monthly gain in construction
spending since January.
Economists had forecast
construction spending increasing 0.8 percent m-o-m in August.
According to
the report, spending on private construction jumped 1.9 percent m-o-m, while
investment in public construction edged up 0.1 percent m-o-m.
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