U.S. Construction Spending
Chart of the Week for August 5, 2016 - August 11, 2016
On a monthly basis, the U.S. Census Bureau produces a report on the dollar value of construction spending in the U.S., as well as the percentage change in spending from the previous month. Data for the report includes residential building types, nonresidential private building types, public buildings, and other public and private structures such as roads and utility lines.
As noted in the chart above which covers the monthly percentage change for the last 12 months, construction spending has been volatile, with seven months of positive change and five months of negative change. The most recent report for June 2016 showed that both total private and total public construction declined by -0.6%. The June report follows declines in the previous two months, and June was the lowest spending amount since June 2015. Some economists believe that the slower spending on construction has been a contributor to slower growth in GDP, particularly for the second quarter of 2016.
Posted by: sarah_oz@yahoo.com
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