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

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