Construction Spending Declined in June

From the Census Bureau reported that overall construction spending declined in June: Construction spending during June 2019 was estimated at a seasonally adjusted annual rate of $1,287.0 billion, 1.3 percent below the revised May estimate of $1,303.4 billion. The June figure is 2.1 percent below the June 2018 estimate of $1,314.8 billion. Both private and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $962.9 billion, 0.4 percent below the revised May estimate of $967.0 billion. ... In June, the estimated seasonally adjusted annual rate......(read more)

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