Construction Spending decreased in December

From the Census Bureau reported that overall construction spending decreased in December: Construction spending during December 2018 was estimated at a seasonally adjusted annual rate of $1,292.7 billion, 0.6 percent below the revised November estimate of $1,300.6 billion. The December figure is 1.6 percent above the December 2017 estimate of $1,272.6 billion. The value of construction in 2018 was $1,297.7 billion, 4.1 percent above the $1,246.0 billion spent in 2017 . Both private and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of......(read more)

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