Construction Spending Report Well Above Expectaions

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Economic Update: Construction Spending

The Commerce Department reported that Construction Spending rose by +0.9% in May.

The level was well above the expectations for an increase of +0.2%.

April’s reading was revised up to +0.6% from +0.3% (March: +0.3%, Feb: -1.1% Jan: -0.8, Dec: +1.5%, Nov: +0.4%, Oct: -0.2%, Sept: +0.2%, August: +1.6%, July: -0.2%).

Other stories on the US Economy to review:

• ISM Manufacturing Plunges in June
  
• University Of Michigan Sentiment Index Weak in June
  
• Chicago PMI Headline Improves But...
  
• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Flash PMI in US Shows Manufacturing Growth Slowing
  
• Housing Starts Down But Permits Up Strong
  
• Industrial Production and Capacity Utilization Below Expectations
  
• Empire Manufacturing Disappoints in June
  
• CPI Declines in May
  
• Business Inventories Above Expectations in April
  
• Retail Sales Fall Across Board in May
  
• PPI Shows Inflation Fell at Producer Level in May
  
• NFIB Small Business Optimism Pulls Back
  
• ISM Non-Manufacturing Index Above Expectations
  
• Some Good News: Employment Trend Index Moves Up
  
• May Jobs Report Disappoints Big Time

 

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