Wednesday, August 2, 2017

Nonresidential Construction Spending falls in June, driven by public sector

Nonresidential construction spending fell by 2% on a monthly basis in June 2017, totaling $697 billion on a seasonally adjusted, annualized basis according to an analysis of U.S. Census Bureau data released today by Associated Builders and Contractors. June represents the first month during which spending has dipped below the $700 billion per year threshold since January 2016.

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