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MarketsReportedMedium
5.4

US Construction Spending Beats Estimates, Rises 0.9% in August

US construction spending rose 0.9% in August to $2.203 trillion, well above the 0.1% consensus estimate, driven by gains in private residential and non-residential sectors. The year-over-year decline of 1.7% indicates underlying softness, but the monthly beat suggests resilience in construction activity. This data point supports a modestly positive growth outlook for Q3 GDP.

Valor Econômicoabout 23 hours agoUSCredibility 41%View source

Score Breakdown

Mosaic Score5.4
Model confidence0.9
Significance0.5
Source credibility0.4
Source

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