US November construction spending 0.0% vs +0.3% expected ...Middle East

Prior was +0.4% (revised to +0.5%)Construction spending at $2.152T annual rate, unchanged from OctoberPrivate construction +0.1% m/m to $1.651TPublic construction -0.1% m/m to $501.9BYoY growth +3.0% vs +6.5% prior

Construction spending holding steady but losing momentum compared to earlier in 2024. If I had a wish for the US in 2025, it would be rules to make construction easier and move more-quickly. The contrast with China is stark and depressing.

This article was written by Adam Button at www.forexlive.com.

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