Construction Spending Increased Slightly in July

From the Census Bureau reported that overall construction spending decreased in June: Construction spending during July 2020 was estimated at a seasonally adjusted annual rate of $1,364.6 billion, 0.1 percent above the revised June estimate of $1,362.8 billion. The July figure is 0.1 percent below the July 2019 estimate of $1,366.0 billion. emphasis added Private spending increased and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $1,013.5 billion, 0.6 percent above the revised June estimate of $1,007.2 billion. ... In July, the......(read more)

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