Us Construction Spending Down 0.8 Percent

Overall construction spending totaled $960.96 billion at a seasonally adjusted annual rate in August, 5 percent higher than a year ago. In August, spending on office buildings, shopping centers and hospital construction all declined. Part of the rebound reflected a recovery in residential construction, which grew at an annual rate of 8.8 percent in the spring, the first positive growth after two quarters of declines. Economists are forecasting growth of around 3 percent in the gross domestic product for the third quarter but the recent weakness in construction spending could cause revisions in those estimates.

Sections:  news   world   
BING NEWS:
  • In the Good Old Days, One Fourth of Income Went to Food
    I am not ordinarily a celebrant for the state of the economy, but the media have been so over the top in pushing the economic doom story during the Biden ...
    04/21/2024 - 6:41 pm | View Link
  • The U.S. Is About to Spend Hundreds of Billions on Infrastructure: 3 ETFs to Reap the Benefits
    Slightly more diversified and with more large-cap international industrials, the iShares U.S. Basic Materials ETF ( IYM 0.10%) may be a good choice. The expense ratio is a bit lower than that of the ...
    04/20/2024 - 10:15 pm | View Link
  • 'Recklessly spending tax dollars': Questions arise over cost of government infrastructure projects
    Questions are being asked in the legislature about the significant cost of two major government infrastructure projects.
    04/20/2024 - 11:56 am | View Link
  • Houston-area contractor couple accused of spending clients' money at casinos
    Aleck and Andrea Miller, of Katy, own AM2 Construction and are accused of stealing nearly $200,000 from clients in Katy, Sugar Land, Cypress and Friendswood.
    04/19/2024 - 11:35 am | View Link
  • Budget 2024 tries to sell youth a more affordable life with billions in spending
    The Liberal government’s 2024 federal budget includes tax changes and efforts to make life more affordable for millennial and gen Z Canadians.
    04/19/2024 - 8:32 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News