- Prior 0.1%. Revised to -0.2%. Weakest reading since August 2013
- Private construction 0.1% vs 0.2% prior (+13.0% y/y)
- Public spending 0.1% vs -1.3% prior (-1.0% y/y)
In private spending residential takes a fall of -0.8% from +1.3%
It’s better news in public spending which is coming off of a yearly minus and good news for non residential spending which has been boosted by factory and gas pipeline building
US Construction spending yy 01 04 2014