The U.S. Census Bureau announced that construction spending during March 2019 was estimated at a seasonally adjusted annual rate of.
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The Monthly Construction Spending Report for March was much worse than expected.. total construction. construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1,282.2 billion, 0.9 percent below the revised February estimate of $1,293.3 billion.
April estimate of $ 501.7 billion. nonresidential construction was at a seasonally adjusted annual rate of $454.3 billion in May, 0.9 percent (0.7 percent) below the revised April estimate of $458.5 billion. Public Construction. In May, the estimated seasonally adjusted annual rate of public construction spending was $340.6 billion,
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The numbers: Construction spending fell 0.9% in March to a seasonally adjusted annual rate of $1.282 trillion, the Commerce Department said Wednesday. That was a bigger decline than the median.
The 0.9% drop in government construction projects was the first decline in five months. Spending by state and local governments fell 0.6%.
The weakness in May was widespread with spending on single-family homes and apartments down 0.6% while nonresidential construction fell 0.9%. Spending on government projects also dropped 0.9%, led.
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U.S. Construction Spending Fell 0.9% in March By Sharon Nunn and Sarah Chaney WASHINGTON–Spending on construction across the U.S. declined 0.9% in March from the prior month to a seasonally adjusted annual rate of $1.282 trillion, according to the Commerce Department.
Residential construction spending skidded 1.8% to a seasonally adjusted annual rate of $500.9 billion, lowest since december 2016. public construction dropped 1.3% to $320.7 billion in March.
From the Census Bureau reported that overall construction spending decreased in March:Construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1,282.2 billion, 0.9 percent below. Source: Construction Spending decreased 0.9% in March More from my siteConstruction Spending Mostly Unchanged in AprilConstruction Spending decreased in DecemberConstruction.
In March, the estimated seasonally adjusted annual rate of public construction spending was $320.7 billion, 1.3% below the revised February estimate of $324.7 billion.
WASHINGTON (AP) – Spending on U.S. construction projects fell in. also dropped 0.9%, led by a decline in construction spending by the.
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Construction spending during May 2019 was estimated at a. $454.3 billion in May, 0.9 percent (0.7 percent) below the revised April estimate.