FOREX TradingCharts.com

Financial News: U.S. Construction Spending Unexpectedly Climbs 0.9% In Mar

U.S. Construction Spending Unexpectedly Climbs 0.9% In March

05/01/2020 - 11:08:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Friday showed an unexpected increase in U.S. construction spending in the month of March.

The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $1.361 trillion in March after tumbling by 2.5 percent to a revised $1.348 trillion in February.

The increase came as a surprise to economists, who had expected construction spending to plunge by 3.5 percent compared to the 1.3 percent slump originally reported for the previous month.

The unexpected rebound in construction spending came as spending on private construction rose by 0.7 percent to an annual rate of $1.013 trillion in March.

Spending on residential construction jumped by 2.3 percent to a rate of $550.3 billion, more than offsetting a 1.3 percent slump in spending on non-residential construction to a rate of $462.3 billion.

The report said spending on public construction also jumped by 1.6 percent to a rate of $348.0 billion, partly reflecting a 4.6 percent spike in spending on highway construction to a rate of $108.3 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


Latvia Industrial Production Falls For Second Month (09 min(s), 02 sec(s) ago)
(RTTNews) - Latvia's industrial production declined for the second straight month in April, da ...Full Story»

South Africa Private Sector Contracts At Record Pace (10 min(s), 02 sec(s) ago)
(RTTNews) - South Africa's private sector contracted the most on record in May as lockdown mea ...Full Story»

Turkey Consumer Price Inflation Rises; Producer Price Inflation Slows (11 min(s), 02 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation increased in May, while producer price inflation ...Full Story»

Eurozone Producer Prices Continue To Fall (26 min(s), 02 sec(s) ago)
(RTTNews) - Eurozone producer prices continued to fall in April due to weak energy prices, data fr ...Full Story»

Eurozone PMI Signals Severe Contraction (55 min(s), 02 sec(s) ago)
(RTTNews) - The euro area private sector contracted sharply in May, but improved from April as loc ...Full Story»

Italy Jobless Rate Lowest Since 2007 (01 hr(s), 29 min(s), 02 sec(s) ago)
(RTTNews) - Italy's jobless rate decreased to the lowest level in more than twelve years in Ap ...Full Story»

Sweden Service Sector Shrinks At Slower Pace In May (01 hr(s), 42 min(s), 02 sec(s) ago)
(RTTNews) - Sweden's services sector contracted at a slower pace in May, survey data from Swed ...Full Story»

Romania Producer Prices Drop For First Time Since 2016 (01 hr(s), 42 min(s), 02 sec(s) ago)
(RTTNews) - Romania's producer prices dropped for the first time over three-and-a-half years i ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Latvia Industrial Production Falls For Second Month

06/03/2020 - 07:49 AM (RTTNews)
(RTTNews) - Latvia's industrial production declined for the second straight month in April, da ...Full Story>>

South Africa Private Sector Contracts At Record Pace

06/03/2020 - 07:48 AM (RTTNews)
(RTTNews) - South Africa's private sector contracted the most on record in May as lockdown mea ...Full Story>>

Turkey Consumer Price Inflation Rises; Producer Price Inflation Slows

06/03/2020 - 07:47 AM (RTTNews)
(RTTNews) - Turkey's consumer price inflation increased in May, while producer price inflation ...Full Story>>

Eurozone Producer Prices Continue To Fall

06/03/2020 - 07:32 AM (RTTNews)
(RTTNews) - Eurozone producer prices continued to fall in April due to weak energy prices, data fr ...Full Story>>

Eurozone PMI Signals Severe Contraction

06/03/2020 - 07:03 AM (RTTNews)
(RTTNews) - The euro area private sector contracted sharply in May, but improved from April as loc ...Full Story>>
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.