U.S. Construction Spending Rose 0.5% In September
(For September 2010)
U.S. construction spending rose 0.5% m-o-m in September vs. -0.5% consensus and revised (down -0.6%) 0.2% fall in August. On year level we are at -10.4%.
Revisions are so big that one can’t rely on this data.
Chart 1. U.S. Construction Spending