Click image
for larger view
Click image
for larger view
Overall
construction
spending in the United
States 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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.