Spending on home construction rose 0.6 percent but spending on nonresidential projects dropped 1.6 percent, reflecting declines in hotels, office buildings and the category that covers shopping centers. Over the course of 2014, spending on offices, power plants, factories and hotels and motels climbed significantly, a potential sign of broader economic growth in 2015.
Similar Stories to Us Construction Spending Down 1.1 Percent In January on Bing News
By MARTIN CRUTSINGER, AP Economics Writer, Seattle Post-Intelligencer: Business
Mon, 03/02/2015 - 9:05am
BING NEWS:
- U.S. Construction Spending Unexpectedly Edges Down 0.2% In March
Reflecting a decrease in spending on private construction, the Commerce Department released a report on Wednesday showing U.S.
05/1/2024 - 3:32 am | View Link - Construction spending unexpectedly falls in March
More on S&P 500 Index The April Labor Report To Confirm That A Recession Is Near Sell In May And Go Away? Non-Farm Payrolls Preview For April 2024: 3 Major Cons ...
05/1/2024 - 3:02 am | View Link - The Cannabis Industry Hopes for New Highs
The Justice Department’s recommendation that restrictions on marijuana be lifted have revived expectations for a business that has waited years for such a change.
05/1/2024 - 1:06 am | View Link - U.S. Construction Spending Unexpectedly Edges Slightly Lower In March
The report said construction spending dipped by 0.2 percent to an annual rate of $2.084 trillion in March, while economists had expected construction spending to rise by 0.3 percent. Meanwhile, ...
04/30/2024 - 11:52 pm | View Link - As Seattle budget deficit grows, City Council begins spending review
Inflation is the big driver of the money gap, but there are other factors. The result could be staff cuts, raising new money or repurposing funds from the payroll tax.
04/30/2024 - 2:00 am | View Link - More
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