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US Construction Spending Contracts YoY For First Time Since 2011

Tuesday, November 1, 2016 9:18
% of readers think this story is Fact. Add your two cents. / by Tyler Durden / Nov 1, 2016 10:15 AM

For the first time since Dec 2012, US Construction spending declined for two consecutive months (sliding 0.4% in October versus an expectation of a 0.5% rise). But, perhaps rather shockingly for many, US Construction Spending declined 0.2% year-over-year for the first time since 2011, with public construction outlays at ther lowest since March 2014.

Not a good sign (but time to raise rates?)

The last time US construction spending decline on an annual basis, the economy entered recession…


The post US Construction Spending Contracts YoY For First Time Since 2011 appeared first on Silver For The People.


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