Construction spending grows in July

and segments like office and lodging are no longer the drivers of construction spending growth that they had been, likely due to growing concerns about market saturation. “The dip in public.

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Construction spending fell 2.7% on a year-on-year basis in July. Investment in public construction projects increased 0.4% after tumbling 3.1% in June. Spending on state and local government construction projects rebounded 0.6%.

Consumer spending surged in July and inflation remained low. Yet the increase over the past year was unchanged at 1.6% Big picture: The U.S. economy is still growing at a steady 2% or so a year,

CONSTRUCTION SPENDING REMAINS STEADY IN JULY AND IS UP BY 5.6 PERCENT FOR THE FIRST SEVEN MONTHS OF THE YEAR AMID GROWING LABOR SHORTAGES. "But public investment in infrastructure and educational construction has been tepid." Construction spending in July totaled $1.153 trillion at a seasonally adjusted annual rate,

WASHINGTON – U.S. construction spending was unchanged in July as weakness in spending on government projects offset gains in home building and the strongest month for non-residential construction on.

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WASHINGTON, (Reuters) – – U.S. construction spending barely rose in July as a rebound in investment in public construction projects was offset by a decline in the private sector. The Commerce.

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Construction spending increased 0.1% in June following a drop in the month before, the Commerce Department said Monday. The increase followed a revised 1% decline in May that was larger than.

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Construction spending increased 0.7% month-over-month in July. Construction spending increased to a seasonally adjusted annual rate of $1.08 trillion in November from an upward-revised $1.07.

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Construction National Outlook – July 2019. Significantly lower exports and weaker consumer spending, especially during the fourth quarter,

The July figure is 5.8% above the July 2017 estimate of $1.24 billion. Spending on private construction was at a seasonally adjusted annual rate of $ $1,010.9 billion, 0.1% below the revised June.

AZ Big Media Nonresidential construction spending drops in July | AZ Big. are likely due to growing concerns regarding overbuilding and the.