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