Free Trial

Jan construct spending flat, below the exp,.>

US DATA
US DATA: Jan construct spending flat, below the +0.3% exp, while Dec and 
Nov construct rev up to +0.8% and +1.2%, respectively. 
- Private residential building +0.3%, with 1-family +0.6%, multi-family 
-1.3%, and building ex. new homes +0.2% based on an MNI calc.
- Private nonres building -1.5%, with declines in all categories except 
for lodging, amusement and rec, transpo, communication, and manufacturing.
- Public construction +1.8%. State and local building +0.5% and Federal 
construction +14.9%, to its highest level since Sep 2011.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.