Tuesday, October 4, 2016

Nonresidential spending slips in August

Nonresidential construction spending fell for a second consecutive month in August, according to analysis of U.S. Census Bureau released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $686.6 billion on a seasonally adjusted, annualized basis for the month, 1.1% lower than July’s total of $694.1 billion (revised down from $701 billion) and 1.3% below August 2015’s figure.

No comments:

Post a Comment