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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Tuesday, December 3, 2013

October 2013 U.S. Construction Spending

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Click image for larger view
Overall construction spending in the United States increased by 0.8 percent during October, to a seasonally adjusted and annualized rate (SAAR) of $908.4 billion. The increase derived solely from a 3.9 percent advance in public construction spending. Private construction spending, by contrast, retreated for a third time in the last four months -- by 0.5 percent (the most since April). Both residential (-0.6 percent, the most since July) and non-residential (-0.5 percent) spending declined.
Click here for a discussion of October’s new residential permits. We hope to present a full complement of construction-related reports in January, when the Census Bureau has returned to a more normal report schedule in the wake of the partial Federal government shutdown.
The foregoing comments represent the general economic views and analysis of Delphi Advisors, and are provided solely for the purpose of information, instruction and discourse. They do not constitute a solicitation or recommendation regarding any investment.

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