U.S. Construction Spending Rose 0.7% In October

(For October 2010)

U.S. construction spending rose 0.7% October vs. -0.4% consensus and revised (down -0.2%) 0.7% rise in September. On year level we are at -9.3%.

Revisions are so big that one can’t rely on this data. This is useless.

Chart 1. U.S. Construction Spending

This entry was posted on Wednesday, December 1st, 2010 at 12:08 pm 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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