- U.S. construction spending rises more than forecast in October
Notícias do Mercado
1 dezembro 2020
U.S. construction spending rises more than forecast in October
The Commerce
Department announced on Tuesday that construction spending climbed 1.3 percent
m-o-m in October after a revised 0.5 percent m-o-m drop in September
(originally a 0.3 percent m-o-m gain). This was the largest monthly advance in
construction spending since January.
Economists had
forecast construction spending increasing 0.8 percent m-o-m in October.
According to
the report, spending on private construction rose 1.4 percent m-o-m, while
investment in public construction increased 1.0 percent m-o-m.
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