Analysts at Nomura note that the US construction expenditure came in weaker than expected, rising a modest 0.1% m-o-m in August (Consensus: +0.4%) with a downward revision to the previous month. Key Quotes “In details, construction activity in the private sector slowed further in August as private construction spending fell by 0.5% m-o-m, the third consecutive months of declines. Private residential construction continued to fall by 0.7%, consistent with the recent softening of building permits and starts. Moreover, private non-residential construction, the other subcomponent of private construction spending, showed another decline of 0.2% m-o-m.” “In contrast, public sector construction spending remained strong, up 2.0% m-o-m in August, following 1.7% in the previous month. On a y-o-y basis, public construction spending increased 14.0%.” 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 Breaking News: RBA keeps interest rates unchanged at 1.5 percent FX Street 4 years Analysts at Nomura note that the US construction expenditure came in weaker than expected, rising a modest 0.1% m-o-m in August (Consensus: +0.4%) with a downward revision to the previous month. Key Quotes "In details, construction activity in the private sector slowed further in August as private construction spending fell by 0.5% m-o-m, the third consecutive months of declines. Private residential construction continued to fall by 0.7%, consistent with the recent softening of building permits and starts. Moreover, private non-residential construction, the other subcomponent of private construction spending, showed another decline of 0.2% m-o-m." "In contrast, public sector construction spending… 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.
