• Construction Spending increased 0.4% in May

    5 monthes ago - By Calculated Risk

    Earlier today, the Census Bureau reported that overall construction spending increased in May:
    Construction spending during May 2018 was estimated at a seasonally adjusted annual rate of $1,309.5 billion, 0.4 percent above the revised April estimate of $1,304.5 billion. The May figure is 4.5 percent above the May 2017 estimate of $1,253.6 billion. Both Private and public spending increased:
    Spending on private construction was at a seasonally adjusted annual rate of $1,005.4 billion, 0.3 percent above the revised April estimate of $1,002.3 billion....
    In May, the estimated seasonally...
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