- U.S. construction spending rises less than forecast in September
Notícias do Mercado
2 novembro 2020
U.S. construction spending rises less than forecast in September
The Commerce
Department announced on Monday that construction spending increased 0.3 percent
m-o-m in September after a revised 0.8 percent m-o-m advance in August
(originally a 1.4 percent m-o-m climb). This marked the smallest monthly gain
in construction spending in four months.
Economists had
forecast construction spending increasing 0.9 percent m-o-m in September.
According to
the report, spending on private construction rose 0.9 percent m-o-m, while
investment in public construction fell 1.7 percent m-o-m.
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