- Previously it was +0.4% (revised to +0.5%)
- Construction spending at $2.152T annually, unchanged from October
- Private construction +0.1% m/m to $1,651T
- Public construction -0.1% m/m to $501.9 billion
- Annual growth +3.0% compared to +6.5% previously
segments:
- &):mt-2 list-disc space-y-2 pl-8″ depth=”0″>
- Residential buildings: +0.1% m/m, up 3.1% y/y
- Non-residential: apartment m/m, +2.8% y/y
- Production: -0.2% m/m, but still strong at +11.3% y/y
Construction spending is steady, but losing momentum from early 2024. If I had a wish for the US in 2025, the rules would be to make construction easier and move faster. The contrast with China is stark and depressing.
This article was written by Adam Button at www.forexlive.com.
Source link