Construction Spending Rolls Over In December, Likely One-Off

March 4, 2019

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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.

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Construction spending economy

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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."