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In December, construction companies in the United States reduced construction costs by 0.6% from November to $1 trillion 293 billion, the country's Department of Commerce reported. In November, the figure rose by 0.8%. For economists, the fall in spending in December came as a surprise, as they were expecting a 0.2% increase. The cost of private construction fell by 0.6% compared with an increase of 1.3% a month earlier. In housing, the figure declined by 1.4%. At the same time, non-residential construction costs increased by 0.4%. In the field of state-building, there was also a decrease in expenses, here the figure fell by 0.6%. Funds spent on the construction of highways decreased by 0.9%. In annual terms, total construction costs increased by 1.6%.
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 ...
KYC Policy