U.S. Construction Industry Remains Upbeat

Per the latest report from U.S. Commerce Department, domestic construction spending ticked up in May on the back of a sturdy increase in investments in private as well as public construction projects. Although, the metric came in below market expectations, it showed a steep rise on a year-over-year basis. Such an increase points toward strength in the construction market despite trade war related woes. Investors should make the most of this opportunity and bet on stocks from the space.


Source: Zacks

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