{"id":6285,"date":"2016-09-01T15:10:24","date_gmt":"2016-09-01T15:10:24","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=6285"},"modified":"2016-09-01T15:10:24","modified_gmt":"2016-09-01T15:10:24","slug":"us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/","title":{"rendered":"US construction spending for July comes in at 0.0% vs. 0.5% estimate"},"content":{"rendered":"<div>The July Construction spending was flat on the month BUT the prior month was revised much higher at +0.9% vs -0.6% originally reported. So although a shock from the headline, with the revision, you can say it was better than the estimates at least.<\/div>\n<div>\n<ul>\n<li>Private construction rose 1.0% in July, with residential up 0.3%. \u00a0Nonresidential construction rose 1.7% to a record high.<\/li>\n<li>Public construction fell 3.1% in July.<\/li>\n<li>Govt construction declines with State and local construction falling -3.1% and Federal construction falling -3.3%.<\/li>\n<li>Private residential home improvements rose 1.5% in July<\/li>\n<\/ul>\n<\/div>\n<div>The ISM (Institute for Supply Management) release is getting most of the press as it came in softer than expectations. The dollar has gotten hit across the board on the news with the GBPUSD pushing above the 1.3300 level. The USDJPY has moved lower to 103.65 from 103.99 high. The EURUSD is testing the 100hour MA at 1.11704 level. A move above will be more bullish for that pair (1.1213 is the 100 day MA).<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The July Construction spending was flat on the month BUT the prior month was revised much higher at +0.9% vs -0.6% originally reported. So although a shock from the headline, with the revision, you can say it was better than the estimates at least. Private construction rose 1.0% in July, with residential up 0.3%. \u00a0Nonresidential [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6289,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US construction spending for July comes in at 0.0% vs. 0.5% estimate - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US construction spending for July comes in at 0.0% vs. 0.5% estimate - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"The July Construction spending was flat on the month BUT the prior month was revised much higher at +0.9% vs -0.6% originally reported. So although a shock from the headline, with the revision, you can say it was better than the estimates at least. Private construction rose 1.0% in July, with residential up 0.3%. \u00a0Nonresidential [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/\" \/>\n<meta property=\"og:site_name\" content=\"MachineMarket Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-01T15:10:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/09\/road_construction_t640.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"391\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/machine.market\/blog\/#organization\",\"name\":\"CraneMarket | Cranes for Sale and Rent\",\"url\":\"https:\/\/machine.market\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2019\/03\/crane-market-logo.png\",\"width\":282,\"height\":81,\"caption\":\"CraneMarket | Cranes for Sale and Rent\"},\"image\":{\"@id\":\"https:\/\/machine.market\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/machine.market\/blog\/#website\",\"url\":\"https:\/\/machine.market\/blog\/\",\"name\":\"MachineMarket Blog\",\"description\":\"Machine News\",\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/machine.market\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/09\/road_construction_t640.jpg\",\"width\":640,\"height\":391,\"caption\":\"Wildcat Concrete Services worker takes a break to wipe sweat from his face as he and others chip away bad concrete on a Kansas River Bridge.\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/#webpage\",\"url\":\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/\",\"name\":\"US construction spending for July comes in at 0.0% vs. 0.5% estimate - MachineMarket Blog\",\"isPartOf\":{\"@id\":\"https:\/\/machine.market\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/#primaryimage\"},\"datePublished\":\"2016-09-01T15:10:24+00:00\",\"dateModified\":\"2016-09-01T15:10:24+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/#webpage\"},\"author\":{\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/d55314291bc2800387533231d1e82150\"},\"headline\":\"US construction spending for July comes in at 0.0% vs. 0.5% estimate\",\"datePublished\":\"2016-09-01T15:10:24+00:00\",\"dateModified\":\"2016-09-01T15:10:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/us-construction-spending-for-july-comes-in-at-0-0-vs-0-5-estimate\/#primaryimage\"},\"articleSection\":\"Constuction &amp; 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