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S&P Credit Research656 word report
published Nov 02, 2009
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S&P Credit Research
| Abstract: | Construction spending rose 0.8% in September--better than the decline of 0.3% expected by the markets and after the upwardly revised 0.1% decline the month before (previously down 0.8%). Residential construction was up 3.9%, after rising 3.4% the month before (previously up 4.2%). Nonresidential spending edged down 0.4%, after falling by a downwardly revised 1.5% in August (previously down 0.4%). Private spending was up 0.5%, after rising by a downwardly revised 0.4% in August (previously up 1.8%). Public spending was up 1.3%, after falling 1.1% the month before. The better-than-expected report will likely add further support to the equity markets today and weigh on Treasuries.
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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| Format: | | HTML |  |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
