US construction spending posts surprising 0.8 pct gain in April

[Kassz007]

http://finance.yahoo.com/news/US-co...98774.html?sec=topStories&pos=5&asset=&ccode=

Expectation was a 1.2% drop. 0.8% increase builds on the increase from March. This is private spending as government spending decreased 0.6%.

 

[Trvlwanderer]

Quote from Kassz007:

http://finance.yahoo.com/news/US-co...98774.html?sec=topStories&pos=5&asset=&ccode=

Expectation was a 1.2% drop. 0.8% increase builds on the increase from March. This is private spending as government spending decreased 0.6%.

LOL...how could gov spending decrease with a shovel ready 784 billion dollar stimulus?

Goebbels is gonna have to re-think this bit of propaganda.

 

[Kassz007]

Quote from Trvlwanderer:

LOL...how could gov spending decrease with a shovel ready 784 billion dollar stimulus?

Goebbels is gonna have to re-think this bit of propaganda.

I was thinking the same thing. When I first saw this report I thought that would be the only reason for the increase. I'm not one of those bears who discredits everything the government releases as bullshit and manipulated so I will give them the benefit of the doubt. So if the data is true (let's assume it is for argument sake, if not reality), does this mean an even bigger/prolonged increase is ahead of us once government spending kicks in?