Forex News 24
  • RSS

news

U.S. Construction Spending Unexpectedly Flat In January

U.S. Construction Spending Unexpectedly Flat In January
админ
01/03/2018

566c9b56d7fc309b723a9b9411fc6ee7 - U.S. Construction Spending Unexpectedly Flat In January

With a decrease in spending on private construction offsetting a jump in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending was roughly unchanged in the month of January.

Construction spending in January was estimated at an annual rate of $1.263 trillion, nearly the same as the revised December estimate. Economists had expected construction spending to rise by 0.3 percent.

The report said spending on private construction fell by 0.5 percent to an annual rate of $962.7 billion in January from $967.9 billion in December.

The decrease came as spending on non-residential construction plunged by 1.5 percent to $439.6 billion, more than offsetting a 0.3 percent increase in spending on residential construction to $523.2 billion.

On the other hand, the Commerce Department said spending on public construction jumped by 1.8 percent to an annual rate of $300.1 billion in January from $294.8 billion in December.

Spending on educational construction surged up by 2.1 percent to $76.7 billion, while spending on highway construction spiked by 4.4 percent to $92.6 billion.

Compared to the same month a year ago, the Commerce Department said total construction spending was up by 3.2 percent.

Source

Related ItemsCommerce DepartmentEconomistsraterisetrillion

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
01/03/2018
админ
Related ItemsCommerce DepartmentEconomistsraterisetrillion

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Nervy stocks brace for Powell part II, dollar at six-week high
U.S. Manufacturing Index Rises To Nearly Fourteen-Year High In February