Construction Spending Fell Far Less Than Expected In November
Construction Spending Fell Far Less Than Expected In November
Total construction spending fell 0.6 percent in November with an upward revision to September and October. Residential construction spending fell 4.1 percent and nonresidential construction spending increased 1.0 percent. We now expect nonresidential construction spending to contribute to economic growth in the fourth quarter.
Residential Construction Spending
Total construction […]
New Year Starts Off Weaker for US as ISM Declines Further Than Expected
New Year Starts Off Weaker for US as ISM Declines Further Than Expected
ISM Manufacturing Survey surprised to the downside this morning with a larger than expected drop to 32.4 from 33.8, lower than the median forecast of a decline to 33.0. The ISM Prices Paid Survey also saw a larger decline to 18.0 from 25.5, […]
Canada’s Economy Slowed Less than Expected in October
Canada’s Economy Slowed Less than Expected in October
Canadian GDP contracted by 0.1%, less than the 0.3% expected by forecasters. However the report showed weakness in both the goods and services areas of the economy with goods-production experiencing no growth and services production falling 0.2%.
In the goods sector, the weakness was concentrated in the manufacturing and […]