US homebuilder stocks fell sharply after Donald Trump announced a 50% steel tariff, stoking fears of higher material costs, while April construction spending declined 0.4% against expectations.
#YonhapInfomax #Trump #SteelTariff #HomebuilderStocks #ConstructionSpending #PulteGroup #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65886

Atlanta Fed's 'GDP Now' model revises Q1 2025 U.S. growth forecast to -2.8%, indicating deeper economic contraction amid weak manufacturing and construction data.
#YonhapInfomax #AtlantaFed #GDPNow #EconomicGrowth #ManufacturingPMI #ConstructionSpending #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52696

US #ConstructionSpending for Jun declined by 0.3% (prev: -0.4%, cons: 0.2%).
ISM #ManufacturingEmployment for Jul fell to 43.4 (prev: 49.3, cons: 49.0). #Construction #Manufacturing #Economy

#US #ConstructionSpending for May showed a slight decline of -0.1%, missing the consensus of 0.3% and unchanged from the previous month's 0.3%. #Construction #Economy #USD

In May, #US #ISM #ManufacturingEmployment came in at 51.1, surpassing the forecast of 48.5 and slightly up from the previous 48.6. Additionally, #ConstructionSpending for April showed a decrease, with a reading of -0.1%, contrary to the consensus of 0.2% and the previous -0.2%.

In March,#ConstructionSpending (MoM) for the #US came in at -0.2%, missing the consensus of 0.3% but slightly better than the previous month's -0.3%. Additionally, the #ISM Manufacturing #Employment for April came in at 48.6, exceeding the forecast of 48.2 and improved from 47.4.

In January, US Construction Spending experienced a slight decline of -0.2%, contrasting with the expected increase of 0.2% and the previous robust growth of 1.1%. #US #ConstructionSpending #EconomicIndicators