If Everything's So Awesome, Why Did US Construction Spending Growth Just Collapse To Its Worst Since 2011?

If Everything's So Awesome, Why Did US Construction Spending Growth Just Collapse To Its Worst Since 2011?

Zero Hedge - Friday September 1, 2017

by Tyler Durden

For the second month in a row (and 3rd of the last 4), US construction spending dropped in July. This dragged the year-over-year growth to just 1.8%.

The last two times construction spending growth slowed to this rate, the US economy collapsed into recession...

Ironically, according to BLS, construction jobs surged in the latest month - up 28k - the most since February?

But it's probably different this time - this time we have the internet, and eyeballs, and all that AdSpend (oh wait, didn't WPP just collapse?)

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