Construction spending inches forward 0.1% in August
Wells Fargo | October 01, 2019
Spending on U.S. construction during August was estimated at a seasonally adjusted annual rate of $1.287 trillion, rising 0.1% from the revised July estimate of $1.286 trillion, the U.S. Census Bureau said. August’s spending was 1.9% below a year earlier. Spending on private construction was at a seasonally adjusted annual rate of $955 billion, nearly the same as the revised July estimate of $954.8 billion, and 4% below a year ago.