International Economic

US construction spending falls 0.1pc in August

By Iain Gilbert

Date: Tuesday 01 Oct 2024

(Sharecast News) - US construction spending fell 0.1% month-on-month to a seasonally adjusted annual rate of $2.13trn in August, according to the Census Bureau, following a revised 0.5% decrease in August and missing forecasts of a 0.1% rise.
Private spending fell by 0.2% month-on-month, with the residential segment down by 0.3%...

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