Investing.com - U.S. construction spending rose more-than-expected in August, official data showed on Tuesday.
In a report, Census Bureau said that construction spending increased by a seasonally adjusted 0.6%, above forecasts for a gain of 0.4%.
Construction spending for July was revised up to a 1.4% gain from a previously reported increase of 0.6%.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.62% to trade at 1.3765.
Meanwhile, U.S. stock markets were higher after the open. The Dow Jones Industrial Average added 0.6%, the S&P 500 index rose 0.65%, while the Nasdaq Composite index gained 0.55%.
In a report, Census Bureau said that construction spending increased by a seasonally adjusted 0.6%, above forecasts for a gain of 0.4%.
Construction spending for July was revised up to a 1.4% gain from a previously reported increase of 0.6%.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.62% to trade at 1.3765.
Meanwhile, U.S. stock markets were higher after the open. The Dow Jones Industrial Average added 0.6%, the S&P 500 index rose 0.65%, while the Nasdaq Composite index gained 0.55%.