Construction Spending Decreased in May

From the Census Bureau reported that overall construction spending decreased in May: Construction spending during May 2020 was estimated at a seasonally adjusted annual rate of $1,356.4 billion, 2.1 percent below the revised April estimate of $1,386.1 billion. The May figure is 0.3 percent above the May 2019 estimate of $1,352.9 billion. During the first five months of this year, construction spending amounted to $543.2 billion, 5.7 percent above the $513.7 billion for the same period in 2019. emphasis added Private spending decreased and public spending increased: Spending on private......(read more)

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