TeleTrade - Analytics

    TeleTrade

    759.50 6.50/10
    79% of positive reviews
    Real

    Construction spending in the U.S. is down 0.1% in February | 01.04.2015

     

    The U.S. Commerce Department released construction spending data on Wednesday. Construction spending in the U.S. declined 0.1% in February, in line with expectations, after a 1.7% drop in January. It was the second consecutive decline.

     

     

    January's figure was revised down from a 1.1% decrease.

     

     

    A 0.8% decrease in public construction outlays weighed on construction spending.

     

     

    Spending on federal government projects rose 9%, but state and local government outlays dropped by 1.6%.

     

     

    Spending on private construction projects increased 0.2%, while spending on private residential construction spending declined 0.2%.

     

     

    Spending on single-family construction plunged 1.4%, while multi-family home building climbed 4.1%.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree