CD Media
Markets

Construction Spending Rolls Over In December, Likely One-Off

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.

Markets fell hard on the news.

Related posts

ISM/PMI Surveys Signal Q1 Collapse In US GDP “Will Be Dwarfed By What’s To Come”

CD Media Staff

The Chinese Economy Is A House Of Cards Built On Mountains Of Bad Debt -And It’s Starting To Crumble

CD Media Staff

Here Comes The OBiden Recession, Stagflation As US Economy Shrinks

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky