Construction spending falls for third straight month

6 days ago 1
Three workers (architects, engineers) examining building site

Catherine Delahaye

  • U.S. construction spending decreased 0.3% M/M to $2,138.2B in May, compared with the +0.4% expected and -0.2% prior (revised), according to data released by the U.S. Census Bureau on Monday.
  • From a year ago, construction spending is 3.5 percent (±1.3 percent) below the May

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