- U.S. construction spending unexpectedly declines in May
Notícias do Mercado
1 julho 2021
U.S. construction spending unexpectedly declines in May
The
Commerce Department announced on Thursday that construction spending fell 0.3
percent m-o-m in May after a revised 0.1 percent m-o-m advance in April
(originally a 0.2 percent m-o-m increase). This was the first monthly decrease
in construction spending in three months.
Economists
had forecast construction spending growing 0.4 percent m-o-m in May.
According
to the report, spending on private construction declined 0.3 percent m-o-m,
while investment in public construction dropped 0.2 percent m-o-m.
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