Data released today showed that construction spending dropped 1.3% in June, after posting a 0.5% slide the prior month. Analysts at Wells Fargo, point out that large declines in public works projects were behind most of the overall drop. Key Quotes: “Overall construction spending fell 1.3% in June, and spending in May now shows a slightly smaller 0.5% drop. Both public and private outlays fell during the month, but public construction fell 3.7%, the largest one-month drop since March 2002.” “Spending for sewage and waste disposal has been a big growth area in public projects, with outlays up 17.7% over the past year. Many communities have paired these projects with greenways and parks, boosting amusement and recreation outlays.” “Residential construction also appears to have been hindered by the rainy weather, with spending for single-family homes falling 0.7% in June and down 8.5% year-over-year.” 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 BoE: Safest course of action – Rabobank FX Street 4 years Data released today showed that construction spending dropped 1.3% in June, after posting a 0.5% slide the prior month. Analysts at Wells Fargo, point out that large declines in public works projects were behind most of the overall drop. Key Quotes: "Overall construction spending fell 1.3% in June, and spending in May now shows a slightly smaller 0.5% drop. Both public and private outlays fell during the month, but public construction fell 3.7%, the largest one-month drop since March 2002." "Spending for sewage and waste disposal has been a big growth area in public projects, with outlays up… 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.
