Ekonomické zprávy
01.11.2021

U.S. construction spending remains unexpectedly decline in September

The Commerce Department announced on Monday that construction spending fell 0.5 percent m-o-m in September after a revised 0.1 percent m-o-m advance in August (originally unchanged m-o-m). This was the first monthly decrease in construction spending since February.

Economists had forecast construction spending to grow 0.4 percent m-o-m in September.

According to the report, spending on private construction decreased 0.5 percent m-o-m, while investment in public construction declined 0.7 percent m-o-m.

On a y-o-y basis, construction spending climbed 7.8 percent in September. 

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