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US Oct construction spending m/m +1.0% vs +0.6% expected

US Oct construction spending

  • Sept spending rose +0.6% m/m

Construction spending is a big factor in GDP. The ISM manufacturing data and this report will factor into the update from the Atlanta Fed's GDPNow forecast that will be released sometime in the next few hours. Their current estimate is +1.8%.

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.

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