[stock-market-ticker symbols="AAPL;MSFT;GOOG;HPQ;^SPX;^DJI;LSE:BAG" stockExchange="NYSENasdaq" width"100%" palette="financial-light"]

Construction Spending Rolls Over In December, Likely One-Off

By CDM Staff

March 4, 2019

No Comments

Construction Spending Rolls Over In December, Likely One-Off

U.S. construction spending month over month in December fell by 0.6% unexpectedly; the estimate was for a gain of 0.2%.

The aberration was likely a result of the government shutdown in December. Uncertainty is always bad for markets and this number shows that in real time.

ISM Comes In Below Estimates

Markets fell hard on the news.

SHARE THIS ARTICLE

Construction spending economy

Author

CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."