US August construction spending -0.1% vs +0.1% expected ...Middle East

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US August construction spending -0.1% vs +0.1% expected
source : forex live ( Middle East ) () 116
Prior month -0.3%Seasonally adjusted annual rate $2,131.9 billion vs $2,162.7 billion priorConstruction spending +4.1% y/y in AugustPrivate construction -0.2% m/mPublic construction +0.3% m/mResidential -0.3% m/m, +2.7% y/yNonresidential +0.1% m/m, +5.2% y/yConstruction spending dipped slightly in August but remains solidly higher compared to last year. The housing sector continues to face headwinds, while nonresidential and public construction are showing more strength. This article was written by Adam Button at www.forexlive.com.

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