• Catching Up: Construction Spending increased 0.1% in August

    2 monthes ago - By Calculated Risk

    Earlier - while I was hiking in Peru - the Census Bureau reported that overall construction spending increased slightly in August:
    Construction spending during August 2018 was estimated at a seasonally adjusted annual rate of $1,318.5 billion, 0.1 percent above the revised July estimate of $1,317.4 billion. The August figure is 6.5 percent above the August 2017 estimate of $1,237.5 billion. Private spending decreased and public spending increased:
    Spending on private construction was at a seasonally adjusted annual rate of $1,001.7 billion, 0.5 percent below the revised July estimate of...
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