US construction spending hits more than 10-year high in November
1 Hour Ago
.S. construction spending rose more than expected in November, reaching its highest level in 10-1/2 years, which could provide a lift to fourth-quarter economic growth.

The Commerce Department said on Tuesday that construction spending increased 0.9 percent to $1.18 trillion, the highest level since April 2006. It was boosted by gains in both private and public sector investment

Construction spending in October was revised up to show a 0.6 percent rise instead of the previously reported 0.5 percent increase. Construction spending was up 4.1 percent from a year ago in November.

Economists polled by Reuters had forecast construction spending rising 0.6 percent in November. November's better-than-expected increase and October's upward revision to construction spending could prompt economists to raise their gross domestic product estimates for the fourth quarter.

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Reuters

http://www.cnbc.com/2017/01/03/construct...ing-in-dec.html


Hmmmmm .... I wonder what changed in November ?

Related
Ford cancels Mexico plant. Will create 700 U.S. jobs in 'vote of confidence' in Trump
by Heather Long and Poppy Harlow @CNNMoney January 3, 2017: 12:09 PM ET

Ford is canceling plans to build a new plant in Mexico. It will invest $700 million in Michigan instead, creating 700 new U.S. jobs.

Ford (F) CEO Mark Fields said the investment is a "vote of confidence" in the pro-business environment being created by Donald Trump. However, he stressed Ford did not do any sort of special deal with the president-elect.

"We didn't cut a deal with Trump. We did it for our business," Fields told CNN's Poppy Harlow in an exclusive interview Tuesday.

The $700 million investment will go to the Flat Rock, Michigan plant to produce more electric and self-driving cars. Ford believes electric vehicles will outsell gas-powered vehicles within the next 15 years.

Ford is planning to roll out seven new electric vehicles in the next five years, including a Mustang Hybrid.

Ford executives spoke with Trump and vice-president elect Mike Pence this morning. Just hours before the Ford announcement, Trump criticized GM (GM) for producing cars in Mexico.

The union representing car workers was happy.

"I am thrilled that we have been able to secure additional UAW-Ford jobs for American workers," said Jimmy Settles, United Auto Workers vice president.

http://money.cnn.com/2017/01/03/news/eco...rump/index.html


The threat of a tariff wouldn't have anything to do with this, would it?