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.