Nonresidential Construction Spending Falls Modestly in May
On: July 13, 2020 | By:
National nonresidential construction spending declined 0.9% in May, according to an Associated Builders and Contractors' analysis of data published recently by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $812.5 billion for the month. Private nonresidential spending declined 2.4% in May, and public nonresidential construction spending increased 1.2%.
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