Construction Spending Increased 1.4% in August

From the Census Bureau reported that overall construction spending decreased in June: Construction spending during August 2020 was estimated at a seasonally adjusted annual rate of $1,412.8 billion, 1.4 percent above the revised July estimate of $1,392.7 billion. The August figure is 2.5 percent above the August 2019 estimate of $1,379.0 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,061.4 billion, 1.9 percent above the revised July estimate of $1,041.7 billion. ... In August, the estimated......(read more)

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