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Gunjan Banerji: June data center construction outlays reach $68.3 billion annual rate

Gunjan Banerji: June data center construction outlays reach $68.3 billion annual rate
June data center outlays surge to $68.3B

Gunjan Banerji reports that the U.S. Commerce Department stated June construction outlays for data centers hit $68.3 billion at an annual rate, a jump of $21.5 billion compared to a year earlier.

In contrast, spending on all other types of private construction, including houses, shopping centers, and hospitals, declined.

Gunjan Banerji has previously highlighted a significant momentum unwind in markets, as JPMorgan warned that extreme crowding may increase flash crash risks in an earlier report. In another piece, she noted that Wall Street often offers second chances to star traders even after significant setbacks or failures, according to her coverage on trading careers. Both reports provide context for shifting trends across financial sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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