Credit: November US construction spending data
- 10-year high in construction spending
- Prior was +0.5%
- Private spending +1.0%
- Public spending +0.8%
- $1.182 trillion in spending
- Lodging +7.0% vs -6.4% prior
- Lodging +29.7%
- Office +31.0%
- Commercial +12.0%
- Manufacturing -8.0%
- Highways/streets +10.5%
- Residential +3.0%
These numbers are helping to put a bid under the US dollar along with a strong ISM manufacturing index. USD/JPY is at a session high of 118.47, up from 118.15 before the data.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
