May 1, 2020 / 2:09 PM / a month ago

U.S. construction spending unexpectedly rises in March

WASHINGTON, May 1 (Reuters) - U.S. construction spending unexpectedly rose in March, bucking a raft of data showing the economy deteriorating rapidly as it reels from disruptions caused by the novel coronavirus outbreak.

The Commerce Department said on Friday that construction spending increased 0.9%. Data for February was revised down to show construction outlays declining 2.5% instead of falling 1.3% as previously reported. Economists polled by Reuters had forecast construction spending decreasing 3.5% in March. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below