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
This entry was posted on July 2, 2010, 3:46 am and is filed under U.S. Economic Data, U.S. Housing. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.
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