Analysts at Nomura point out that the US construction spending remained unchanged in September, while the August number was revised up to a 0.8% m-o-m gain from 0.1%. Key Quotes “In the private sector, both residential and non-residential construction activities increased by 0.6% and 0.1% m-o-m, respectively, in September with positive backward revisions to prior months.” “Construction expenditure by state and local governments appears to be picking up recently, but not as strongly as we previously thought.” “GDP tracking update: Relative to the BEA’s assumptions for estimating Q3 GDP, new construction activities by state and local governments came in weaker but the positive upward revisions to private construction spending along with the jump in multi-family construction in September exceeded the BEA’s expectation. On net, the relevant elements of the September construction spending report were positive to Q3 GDP and we revised up our Q3 GDP tracking estimate by 0.2pp to 3.7% from 3.5%, previously.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US job growth expected to accelerate with strong wage gains – Reuters FX Street 4 years Analysts at Nomura point out that the US construction spending remained unchanged in September, while the August number was revised up to a 0.8% m-o-m gain from 0.1%. Key Quotes "In the private sector, both residential and non-residential construction activities increased by 0.6% and 0.1% m-o-m, respectively, in September with positive backward revisions to prior months." "Construction expenditure by state and local governments appears to be picking up recently, but not as strongly as we previously thought." "GDP tracking update: Relative to the BEA's assumptions for estimating Q3 GDP, new construction activities by state and local governments came in weaker… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
