U.S. Construction Spending Fell 1.0% In July; Absolute Level Lowest In 10 Years

(For July 2010)

I forgot to post this yesterday.

U.S. construction spending fell 1.0% MoM in July vs. -0.6% consensus and revised 0.8% fall in June. On year level we are at -10.7%.

Lowest level in 10 years.

Chart 1. U.S. Construction Spending

Source: U.S. Census Bureau

This entry was posted on Thursday, September 2nd, 2010 at 7:15 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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