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US construction spending beats expectations in October

Spending on public construction projects dropped 0.5 in October. State and local government spending decreased 0.6, more than offsetting a 0.3 gain in outlays on federal government projects. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.

Posted by Hicham ALAOUI RIZQ on 2024, Dec 02

Introduction

Spending on public construction projects dropped 0.5 in October. State and local government spending decreased 0.6, more than offsetting a 0.3 gain in outlays on federal government projects. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.

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