Decrease of building expenses in USA
According to today export data in the U.S. construction spending decreased in September, but that decline was less than expected to decline by 0.8 percent.
Total expenditure decreased by 0.3 percent to 1.060 trillion dollars, the data for August were revised upward by stagnation in the direction to increase by 0.3 percent. Housing expenditure decreased by 1.3 percent to 344.4 billion dollars in August after having increased by 1.9 percent. Annual decline in the cost of housing reached 27.1 percent in September as a result of the difficult lending led to a decline in purchases. Costs for non-residential construction decreased by 0.1 percent in September, harder credit conditions have an effect on commercial construction. Expenditure in private construction increased by 0.1 percent, while the public fall by 1.3 percent in September.
Labels: Financial News
posted by Zoritza Petrova @ 11:39 PM
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