US Construction Spending MoM (Nov) M/M -0.2% (Prev. 0.5%)
Context
The US Construction Spending report for November showed a month-over-month decline of 0.2%, a notable shift from the previous increase of 0.5%. This contraction may signal cooling in the construction sector, potentially influencing growth forecasts and feeding into broader economic assessments as markets grapple with inflationary pressures and interest rate policies.
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