U.S. construction spending inches higher in June

August 5, 2021

U.S. construction spending inches higher in June

August 2, 2021 | Reporting by Lucia Mutikani; Editing by Alexander Smith | Reuters

WASHINGTON, Aug 2 (Reuters) – U.S. construction spending rose by 0.1% in June, the Commerce Department said on Monday, as an increase in private projects was offset by a fall in public sector building.

Construction spending, which accounts for less than 4% of U.S. gross domestic product, increased by 8.2% on a year-on-year basis in June after falling 0.2% in May, data showed.

Economists polled by Reuters had forecast construction spending rising by 0.4% in June.

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Gil Armour, CFP
February 3, 2016

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