Data released today showed that Construction spending rose 0.1% in August. According to analysts from Wells Fargo, most of the gain occurred in the nonresidential category. They see that higher building costs are likely limiting activity, but spending should remain solid for the rest of the year. Key Quotes: “Construction spending rose 0.1% in August. Much of the gain occurred in nonresidential outlays, which increased 0.7%, while residential dropped 0.7%. Revisions were slightly positive on balance, and total spending is now 5.3% higher year-to-date. “Rising material and labor costs are continuing to slow down residential activity. Single-family, multifamily and expenditures on improvements dropped during the month.” “Nonresidential spending should continue to be solid in the second half of the year. The Architecture Billings Index, which leads construction activity by 9-12 months, has been solidly in expansion territory this year, notably in the South.” 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 NAFTA – It’s fun to stay at the USMCA – Rabobank FX Street 4 years Data released today showed that Construction spending rose 0.1% in August. According to analysts from Wells Fargo, most of the gain occurred in the nonresidential category. They see that higher building costs are likely limiting activity, but spending should remain solid for the rest of the year. Key Quotes: "Construction spending rose 0.1% in August. Much of the gain occurred in nonresidential outlays, which increased 0.7%, while residential dropped 0.7%. Revisions were slightly positive on balance, and total spending is now 5.3% higher year-to-date. "Rising material and labor costs are continuing to slow down residential activity. Single-family, multifamily… 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.
