US January construction spending mm 0.0% vs 0.3% exp

US January construction spending data now out 1 Mar

  • 0.8% prev revised up from 0.7%

Softer headline slightly tempered by upward revision.
Full report here
The Construction Spending released by the US Census Bureau is an indicator that measures the total amount of spending in the US on all types of construction. The residential construction component is useful for predicting future national new home sales and mortgage origination volume.

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