Construction spending remained steady in July compared to June but is up by 5.6 percent for the first seven months of the year compared to same period in 2015, according to an analysis by the Associated General Contractors of America.
Spending. Total of All construction spending is forecast to increase 6.0% to $1.321 trillion in 2018 and 1.5% to $1.341 trillion in 2019 and 6.3% to $1.426 trillion in 2020. Construction spending is strongly influenced by the pattern of continuing or ending cash flows from the previous two to three years of construction starts.
Services account for more than half of China’s economy, and rising wages have increased Chinese consumers’ spending power in recent years. But the sector softened late last year along with a slowdown.
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early 1980s, and the housing and heavy construction bubble the state created. When state spending stopped growing in July 1985, the bubble popped. By the.
· 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 record.
· U.S. construction spending slipped 0.6% in July to a seasonally adjusted annual rate of $1.084 trillion, its lowest July level since 2004, according.
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Nonresidential construction spending expanded strongly in July, growing 2.5 percent on a monthly basis and rising a robust 8.6 percent on a year-over-year basis according to a Sept. 2 release from the U.S. Census Bureau. Spending for the month totaled $617.8 billion on a seasonally adjusted, annualized basis.
June 15, 2018. Moody's latest Building Materials – US Outlook Report indicates that the 12-18 month outlook for the US. private nonresidential construction spending will continue to grow moderately, at about 4% in both 2018 and 2019.
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Analysts at Nomura note that the US construction spending increased 0.1% m-o-m in July, below expectations (consensus: 0.4%), while June spending was revised up to a 0.8% decline (previously reported 1.1% decline).
WASHINGTON – Spending on U.S. construction projects edged up 0.4 percent in May, while April’s figure was revised down significantly – signs that new building is still uneven despite a growing economy.
That said, commercial spending is up 102% compared to May 2010. Other private construction categories such as office and lodging have also been weak as rising construction and capital costs render pro.
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