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Revised US construction data show stronger rising trend [ClearOnMoney]
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Revised US construction data show stronger rising trend

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Commentary

Revised US construction data show stronger rising trend

10 Jul 2012 by Jim Fickett.

This month the Census Bureau revised US construction spending data back to January 2010. The revised data suggest that the rising trend in construction spending is fairly solid:

It is true that the latest months often get heavily revised, and that the most recent data point ($830 billion total in May) is only a little greater than the most recent mini-peak ($825 billion total in January), so it could be the case that spending is rolling over. However the default interpretation of the data as presently known is that the upward trend in spending is pretty solid.