November US construction spending data

  • 10-year high in construction spending
  • Prior was +0.5%
  • Private spending +1.0%
  • Public spending +0.8%
  • $1.182 trillion in spending
  • Lodging +7.0% vs -6.4% prior

Year-over-year terms

  • Lodging +29.7%
  • Office +31.0%
  • Commercial +12.0%
  • Manufacturing -8.0%
  • Highways/streets +10.5%
  • Residential +3.0%

These numbers are helping to put a bid under the US dollar along with a strong ISM manufacturing index. USD/JPY is at a session high of 118.47, up from 118.15 before the data.