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US construction spending for May 0.9% versus 0.6% expected

Prior month 0.4% revised from 1.2% previously reportedTotal Construction:Construction spending was estimated at a seasonally adjusted annual rate of $1,925.6 billion, a 0.9 percent increase from the revised April estimate of $1,909.0 billion.The May figure is 2.4 percent higher than the May 2022 estimate of $1,880.9 billion.In the first five months of 2023, construction spending totaled $740.8 billion, 2.9 percent higher than the same period in 2022, which saw $719.6 billion.Private Construction... Read More

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Posted: Jul 3 2023, 14:02

Author Name: forexlive

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