U.S. Construction Spending Fell 0.2% In May

In May, U.S. construction spending fell 0.2% MoM vs. -0.5% consensus and 2.7% rise in April.

On a year level we are at -8.0%.

Economic recovery without construction recovering is not the real sustainable recovery.

Chart 1. U.S. Construction Spending

Source: U.S. Census Bureau

This entry was posted on Friday, July 2nd, 2010 at 3:46 am and is filed under U.S. Economic Data, U.S. Housing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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