Construction Spending Increased Slightly in July, Down 2.7% YoY

From the Census Bureau reported that overall construction spending declined in July: Construction spending during July 2019 was estimated at a seasonally adjusted annual rate of $1,288.8 billion, 0.1 percent above the revised June estimate of $1,288.1 billion. The July figure is 2.7 percent below the July 2018 estimate of $1,324.8 billion. Private spending decreased and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $963.1 billion, 0.1 percent below the revised June estimate of $963.7 billion. ... In July, the estimated seasonally......(read more)

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