August US construction spending data

  • Prior was 0.0% (revised to -0.3%)
  • Private spending -0.3%
  • Public spending -2.0%
  • Spending at $1.142 trillion
  • Lowest level in 8 months
  • Residential -0.3%
  • Commercial -2.0%

Big miss with a downward revision. That will lead to a lowering of estimates to Q3 GDP.