-
US construction spending slipped in February
Construction spending during February 2020 was estimated at a seasonally adjusted annual rate of $1,366.7 billion, 1.3% below the revised January estimate of $1,384.5 billion but 6.0% above the February 2019 estimate of $1,289.0 billion, the Census Bureau reported Wednesday. During the first two months of this year, construction spending amounted to $193.5 billion, 8.2% above the $178.8 billion for the same period in 2019. Spending on private construction was at a seasonally adjusted annual rate of $1,025.8 billion, 1.2% below the revised January estimate of $1,038.5 billion. Residential construction was at a ... (full story)