Building blocks for a US rate rise

Rebounding construction activity in the US is another positive sign for the country's economic outlook and the prospect for a rate rise in the not-too-distant future.

After a rocky start to the year, construction activity in the US has increased sharply over the past four months and poses some upside risk for the economic outlook. With the household sector weighed down by debt and soft wage growth, the Federal Reserve would be relieved to see the construction sector bounce back -- even if progress has been slow.

In the US construction activity rose by 1.8 per cent in July, beating market expectations, to be 8.2 per cent higher over the year. Activity has picked up over recent months -- albeit not in all categories -- after a fairly soft start to the year.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles