FOREX TradingCharts.com

Financial News: U.S. Construction Spending Inches Up Less Than Expected

U.S. Construction Spending Inches Up Less Than Expected In July

09/01/2020 - 10:26:00 (RTTNews)

(RTTNews) - Construction spending in the U.S. saw a modest increase in the month of July, according to a report released by the Commerce Department on Tuesday.

The report said construction spending inched up by 0.1 percent to an annual rate of $1.365 trillion in July after falling by 0.5 percent to a revised rate of $1.363 trillion in June.

Economists had expected construction spending to jump by 1.0 percent compared to the 0.7 percent drop originally reported for the previous month.

The uptick in construction spending came as spending on private construction climbed 0.6 percent to an annual rate of $1.014 trillion.

Spending on residential construction spiked 2.1 percent to a rate of $546.6 billion, while spending on non-residential construction slumped by 1.0 percent to a rate of $466.9 billion.

Meanwhile, the report said spending on public construction tumbled by 1.3 percent to an annual rate of $351.1 billion.

Spending on educational construction plunged by 3.0 percent to a rate of $82.2 billion, while spending on highway construction plummeted by 3.1 percent to a rate of $99.0 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Suggests Rebound May Be Losing Stream (04 hr(s), 12 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story»

U.S. Consumer Sentiment Improves Much More Than Expected In September (04 hr(s), 25 min(s), 18 sec(s) ago)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story»

Italy Current Account Surplus Rises For First Time Since April (04 hr(s), 54 min(s), 18 sec(s) ago)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story»

Croatia Jobless Rate Steady At 9% In August (05 hr(s), 25 min(s), 18 sec(s) ago)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story»

Poland's Industrial Output Rises Less Than Expected (06 hr(s), 15 min(s), 18 sec(s) ago)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story»

Russia's Central Bank Keeps Rate On Hold (07 hr(s), 38 min(s), 18 sec(s) ago)
(RTTNews) - Russia's central bank left its key interest rate unchanged at a record low as wide ...Full Story»

Italy's Industrial Orders Rise In July (08 hr(s), 50 min(s), 18 sec(s) ago)
(RTTNews) - Italy's industrial orders and turnover increased for the third consecutive month i ...Full Story»

Eurozone Current Account Surplus Falls In July (09 hr(s), 04 min(s), 18 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July due to a fall in primary income ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Suggests Rebound May Be Losing Stream

09/18/2020 - 10:27 AM (RTTNews)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story>>

U.S. Consumer Sentiment Improves Much More Than Expected In September

09/18/2020 - 10:14 AM (RTTNews)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story>>

Italy Current Account Surplus Rises For First Time Since April

09/18/2020 - 09:45 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story>>

Croatia Jobless Rate Steady At 9% In August

09/18/2020 - 09:14 AM (RTTNews)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story>>

Poland's Industrial Output Rises Less Than Expected

09/18/2020 - 08:24 AM (RTTNews)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.