U.S. Construction Spending Fell 0.2% In May | Tainted Alpha

Categories
Popular Posts
Tags
AAR US Freight Carloads Baker Hughes Rig Count Baltic Dry Index Ben Bernanke Chicago Purchasing Managers Index China China Industrial Production China PMI Coal Conference Board Consumer Confidence Copper Crude Oil Dry Bulk Earnings Economic Data ECRI Weekly Leading Index Empire State Manufacturing Survey Euro FED FED Funds Rate FOMC Gold Greece Industrial Production Initial Jobless Claims Iron Ore ISM Manufacturing Index Japan MBA Mortgage Applications Natural Gas New Home Sales Nonfarm Payrols Philadelphia Fed General Business Conditions Index Richmond FED Manufacturing Survey S&P/Case-Shiller Home Price Indices S&P 500 Shipping Steel Tanker U.S. Dollar U.S. Durable Goods Orders U.S. GDP U.S. Housing Starts U.S. Retail Sales University of Michigan/Reuters Consumer Sentiment
Calendar
July 2010

M T W T F S S

« Jun Aug »

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31
Belisarius Reads
Links
Meta
Log In
Username

Password

Remember Me
- Register
- Lost Password

U.S. Construction Spending Fell 0.2% In May

July 2nd, 2010 by Belisarius

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

Tweet

U.S. Construction Spending

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. You can leave a response, or trackback from your own site.

Leave a Reply