FOREX TradingCharts.com

Financial News: U.S. Construction Spending Unexpectedly Dips 0.2% In March

U.S. Construction Spending Unexpectedly Dips 0.2% In March

05/01/2017 - 10:32:00 (RTTNews)

(RTTNews) - Construction spending in the U.S. unexpectedly decreased in the month of March, according to a report released by the Commerce Department on Monday.

The report said construction spending dipped by 0.2 percent to an annual rate of $1.218 trillion in March from a revised $1.221 trillion in February.

The drop in construction spending came as a surprise to economists, who had expected spending to increase by 0.4 percent.

The unexpected decline in construction spending came as spending on public construction slid by 0.9 percent to a rate of $278.1 billion.

Spending on educational construction tumbled by 2.0 percent to a rate of $70.2 billion, while spending on highway construction rose by 0.5 percent to a rate of $91.5 billion.

The report also said spending on private construction was nearly unchanged at $940.2 billion, as an increase in spending on residential construction was offset by a drop in spending on non-residential construction.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB Draghi Says Accommodative Monetary Policy Still Necessary (11 hr(s), 26 min(s), 42 sec(s) ago)
(RTTNews) - The current very substantial degree of monetary accommodation is still needed for dome ...Full Story»

India's Economy Likely To Expand At Steady Pace (12 hr(s), 55 min(s), 42 sec(s) ago)
(RTTNews) - India's economy is set to grow at a steady pace in the March quarter of 2017 as th ...Full Story»

Iceland Inflation Slows In May (15 hr(s), 38 min(s), 42 sec(s) ago)
(RTTNews) - Iceland's inflation slowed in May after accelerating in April, Statistics Iceland ...Full Story»

Eurozone M3 Growth Slows In April (16 hr(s), 57 min(s), 42 sec(s) ago)
(RTTNews) - Eurozone money supply and credit to private sector grew at slower pace in April, the E ...Full Story»

Sweden's Trade Balance Swings To Deficit In April (17 hr(s), 30 min(s), 42 sec(s) ago)
(RTTNews) - Sweden's trade balance posted a deficit in April due to higher growth in imports, ...Full Story»

Spain's Retail Sales Rise At Faster Pace (17 hr(s), 44 min(s), 42 sec(s) ago)
(RTTNews) - Spain's retail sales grew at a faster pace in April, the statistical office INE re ...Full Story»

Singapore Producer Price Inflation Accelerates In April (18 hr(s), 03 min(s), 42 sec(s) ago)
(RTTNews) - Singapore's producer price inflation accelerated notably on oil prices in April, f ...Full Story»

Finland's Business Sentiment Strengthens In May (18 hr(s), 38 min(s), 42 sec(s) ago)
(RTTNews) - Finland's business sentiment strengthened sharply in May, the survey conducted by ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB Draghi Says Accommodative Monetary Policy Still Necessary

05/29/2017 - 09:56 AM (RTTNews)
(RTTNews) - The current very substantial degree of monetary accommodation is still needed for dome ...Full Story>>

India's Economy Likely To Expand At Steady Pace

05/29/2017 - 08:27 AM (RTTNews)
(RTTNews) - India's economy is set to grow at a steady pace in the March quarter of 2017 as th ...Full Story>>

Iceland Inflation Slows In May

05/29/2017 - 05:44 AM (RTTNews)
(RTTNews) - Iceland's inflation slowed in May after accelerating in April, Statistics Iceland ...Full Story>>

Eurozone M3 Growth Slows In April

05/29/2017 - 04:25 AM (RTTNews)
(RTTNews) - Eurozone money supply and credit to private sector grew at slower pace in April, the E ...Full Story>>

Sweden's Trade Balance Swings To Deficit In April

05/29/2017 - 03:52 AM (RTTNews)
(RTTNews) - Sweden's trade balance posted a deficit in April due to higher growth in imports, ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.