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US Construction Spending Contracts YoY For First Time Since 2011

Tuesday, November 1, 2016 9:18
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(Before It's News)

zerohedge.com / 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…

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

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