US December 2018 construction spending data
- Prior was +0.8% (unrevised)
- Private spending -0.6%
- Public spending -0.6%
- Spending at $1.293 trillion
That will weigh on Q4 GDP when the updated numbers are released.
Looking at 2018 as a whole, spending rose 4.1%, which is the slowest growth in seven years. Private residential construction rose 3.3% in the year after gains of +10% for six straight years. Hopes for a boom in manufacturing are also fading as private manufacturing construction spending fell 1.7% in the year.
