Construction Spending During May 2018
Earlier today, the U.S. Census Bureau -- which is part of the Commerce Department -- released its Construction Spending report for May 2018:
Predicted: +0.6%
Actual: +0.383% (+$5,000,000,000)
The yellow-highlighted percentage represents the month-to-month change in new public and private construction activity for the United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
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Predicted: +0.6%
Actual: +0.383% (+$5,000,000,000)
The yellow-highlighted percentage represents the month-to-month change in new public and private construction activity for the United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
- Estimated construction spending during May 2018: $1,309,500,000,000.
- April 2018 (revised): $1,304,500,000,000.
- Change from 12 months previous: +4.459% (+$55,900,000,000.)
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| Construction Spending - May 2018 Update |
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Labels: construction_spending, hard_data
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posted by Steve Brown | 7/02/2018 02:00:00 PM
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