More Lousy Data Emerges after Government Shutdown: Construction Spending
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data. OK, it looks like GDP growth, released last week for the fourth quarter (+2.6% annualized rate), will be revised lower on March 28, given today’s data on construction spending for December, which had been delayed due … Read more