Posted To: MND NewsWire
Construction spending in August declined slightly from its July pace the Census Bureau said on Monday. It was the third consecutive month it has fallen. Public and private expenditures across all sectors was at a seasonally adjusted annual rate of 1.142 trillion, down 0.7 percent from July's rate of 1.150 trillion and 0.3 percent below the August 2015 estimate of 1.145 trillion. The July figure was revised down from an original estimate of 1.153 trillion, a -0.3 change from June rather than statistically unchanged. Analysts surveyed by Econoday had expected results in a range of -0.3 percent to +0.5 percent on a month-over-month basis. The consensus was for a 0.3 percent gain. On an unadjusted basis total construction spending in August was $106.72 billion , up from $105.80 billion in July...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2dmXqSc
No comments:
Post a Comment