Wednesday, 1 March 2017

Construction Spending Unexpectedly Declines One Percent

Construction Spending Unexpectedly Declines One Percent

mishtalk.com / Mike “Mish” Shedlock / March 1, 2017

Construction spending took an unexpected dive of 1% today vs. an Econoday expectation of +0.5%.

Construction spending fell a sharp 1.0 percent in January but the weakness is in public spending, not residential spending where gains are substantial. Spending on new single-family homes rose

March 01, 2017 at 05:10PM

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