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Pin to quick picksFerguson Share News (FERG)

Share Price Information for Ferguson (FERG)

London Stock Exchange
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Share Price: 9,432.00
Bid: 9,416.00
Ask: 9,422.00
Change: 52.00 (0.55%)
Spread: 6.00 (0.06%)
Open: 9,420.00
High: 9,448.00
Low: 9,358.00
Yest. Close: 9,380.00
FERG Live PriceLast checked at -

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US construction spending little changed in July

Tue, 1st Sep 2020 15:20

(Sharecast News) - Outlays on construction were little changed in July, following a sharp drop in non-residential spending.

According to the Department of Commerce, in seasonally adjusted terms, total construction expenditures edged up at a 0.1% month-on-month pace in July to reach $1.36bn.

That was well below the 1.0% gain that analysts had penciled-in.

Residential spending jumped by 2.1% against June to reach $555.45bn, but non-residential outlays at a 1.2% pace on the month to reach $809.11bn.

Spending on highways and streets was especially weak, declining by 3.1% on the month.

Private sector construction spending meanwhile was 0.6% stronger to reach $1.01trn, while in the public sector it weakened by 1.3% to $342.5bn.

Versus a year ago, construction spending was 0.1% weaker.

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