ConstructioNext is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

ABC: Nonresidential Construction Spending Down Nearly 1% in June

Article-ABC: Nonresidential Construction Spending Down Nearly 1% in June

3 construction workers in gear on a job site looking at a crane in the distance
Nonresidential spending totaled $779.9 billion for the month, down 6.6% from one year ago, according to ABC. 

National nonresidential construction spending declined 0.9% in June, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. 

On a seasonally adjusted annualized basis, nonresidential spending totaled $779.9 billion for the month, down 6.6% from one year ago, according to ABC

“Since achieving an all-time high in January 2020, nonresidential construction spending is down 12%,” ABC Chief Economist Anirban Basu said. “With each passing month, the deficit vis-à-vis the all-time high continues to expand. June was no exception, with both private and public nonresidential construction declining.

View original article

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish