Construction Spending decreased in April

Earlier today, the Census Bureau reported that overall construction spending decreased in April: Construction spending during April 2017 was estimated at a seasonally adjusted annual rate of $1,218.5 billion, 1.4 percent below the revised March estimate of $1,235.5 billion. Both private and public spending decreased in April: Spending on private construction was at a seasonally adjusted annual rate of $943.3 billion, 0.7 percent below the revised March estimate of $949.7 billion. ... In April, the estimated seasonally adjusted annual rate of public construction spending was $275.3 billion,......(read more)

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