[TSP_Strategy] US Construction Spending

 

U.S. Construction Spending

Chart of the Week for March 29, 2019 - April 4, 2019

The chart above shows the monthly percentage change in U.S Construction Spending from January 2018 through January 2019. Data captured includes residential building, nonresidential private building, public buildings, roads, and utility lines.

U.S. Construction Spending was mixed over the past year, ranging from a high of 2.3% growth in February 2018 to low of -1.8% in September 2018. For January 2019, construction spending increased by 1.3%, better than the consensus forecast of 0.4% growth, and also better than December 2018's revised -0.8% growth. Economists noted that public construction was largely responsible for the increase in January 2019, increasing 4.9% from December 2018 and up 8% year-over-year. Within public construction, spending on highways and streets rose by a double-digit rate, which could be a good sign for infrastructure spending going forward.

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Ditulis oleh: Andriansyah -