Construction Spending Decreased in June

From the Census Bureau reported that overall construction spending decreased in June: Construction spending during June 2020 was estimated at a seasonally adjusted annual rate of $1,355.2 billion, 0.7 percent below the revised May estimate of $1,364.7 billion. The June figure is 0.1 percent above the June 2019 estimate of $1,354.1 billion. During the first six months of this year, construction spending amounted to $667.9 billion, 5.0 percent above the $636.0 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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