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Construction spending in the United States fell by 0.1% in October, repeating the rate of decline in September, the data of the country's Department of Commerce showed. The main reason for the fall was the decrease in expenditures on private projects by 0.4% from the previous month. This was a surprise for economists, who had predicted an increase in spending by 0.4%. Private housing expenses fell by 0.5% to a minimum since November 2017. Compared with October last year, construction costs increased by 4.9%. Reduced investment in housing was observed in the United States for nine months of the year. At the same time, in October, there was an increase in spending on public construction projects, an increase relative to September was 0.8%. In October, spending on state and local projects also increased - by 0.5%, as well as federal spending on construction - by 3.7%.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
May had seen Japan’s household spending declining at its most rapid pace. This drove the world’s third-biggest economy further into decline as consumers heeded authorities’ mandate of staying at home to contain the novel ...
Safe-haven currencies were on the defensive on Tuesday as hopes of an economic recovery strengthened stock prices. The Pound Sterling was under pressure after British Prime Minister Boris Johnson pledged a “Rooseveltian" boost to public ...
Japan retail sales fell a double-digit pace for the second month in May as the coronavirus pandemic heavily affected consumer confidence and hopes for economic recovery. Retail sales dropped 12.3% in May year-on-year as the downturn in demand ...
April had seen Japan’s household spending dropping at its most rapid pace. The index fell as the novel coronavirus crisis halted travel and dining demand in the world’s third-biggest economy. More so, consumer sentiment dropped ...
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