Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Construction Spending Increased 0.2% in October

by
December 1, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Stock Portfolio Track App Reviews & Ratings: Navigating the Best Tools for Investors

Backtesting Software Reviews & Ratings: What the Users Say

by Calculated Risk on 12/01/2021 10:18:00 AM

From the Census Bureau reported that overall construction spending increased 0.2%:

Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2 percent above the revised September estimate of $1,594.8 billion. The October figure is 8.6 percent above the October 2020 estimate of $1,471.7 billion.
emphasis added

Private spending decreased and public spending increased:

Spending on private construction was at a seasonally adjusted annual rate of $1,245.0 billion, 0.2 percent below the revised September estimate of $1,247.9 billion….

In October, the estimated seasonally adjusted annual rate of public construction spending was $353.0 billion, 1.8 percent above the revised September estimate of $346.8 billion.

Click on graph for larger image.

This graph shows private residential and nonresidential construction spending, and public spending, since 1993. Note: nominal dollars, not inflation adjusted.

Residential spending is 14% above the bubble peak (in nominal terms – not adjusted for inflation).

Non-residential spending is 13% above the bubble era peak in January 2008 (nominal dollars), but has been soft recently.

Public construction spending is 8% above the peak in March 2009.

The second graph shows the year-over-year change in construction spending.

On a year-over-year basis, private residential construction spending is up 16.7%. Non-residential spending is up 3.1% year-over-year. Public spending is up 0.4% year-over-year.

Construction was considered an essential service during the early months of the pandemic in most areas, and did not decline sharply like many other sectors. However, some sectors of non-residential have been under pressure. For example, lodging is down 32.4% YoY.

This was below consensus expectations of a 0.4% increase in spending; however, construction spending for the previous two months was revised up.
ShareTweetPin

Related Posts

Stock Portfolio Track App Reviews & Ratings: Navigating the Best Tools for Investors

by
September 25, 2023
0

Stock portfolio tracking apps are invaluable tools for amateur and seasoned investors. They allow them to monitor the performance of...

Backtesting Software Reviews & Ratings: What the Users Say

by
September 25, 2023
0

Backtesting software are critical tools for traders and investors looking to validate their trading strategies before putting real money on...

TickTick Trader Reviews & Ratings: The Comprehensive Guide to One of the Highest-Rated Prop Trading Firms

by
September 25, 2023
0

TickTick Trader offers a comprehensive trading ecosystem tailored to novice and professional traders. The platform has garnered an impressive average...

Day Trading Course Reviews & Ratings: Uncovering the Best Platforms for Traders

by
September 25, 2023
0

No longer reserved for Wall Street experts, day trading is now a viable option for many people looking to capitalize...

TradeDay Reviews & Ratings: Navigating the Success Stories and Features

by
September 25, 2023
0

TradeDay is a prop trading firm that offers a unique blend of educational resources, favorable payout structures, and robust trading...

Next Post

Vaccine Mandate Job Losses

Twitter's Agrawal Is Youngest CEO in S&P 500,  Nudging Out Zuckerberg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net