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US construction spending probably still in uptrend [ClearOnMoney]
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US construction spending probably still in uptrend

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Commentary

US construction spending probably still in uptrend

6 Mar 2013 by Jim Fickett.

Last week the Census Bureau reported construction spending through January. Spending dropped slightly from December to January:

There is no real evidence yet of a break in the growth trend, but all economic data bear close watching currently, as there has been a stalling out in many economic indicators. It will be particularly interesting to see gross domestic income for 2012 Q4, which should be available the end of this month. In the meantime, note that the Aruoba-Diebold-Scotti index of current conditions has looked somewhat worrying lately: