Construction Spending During August 2019
Earlier today, the U.S. Census Bureau -- which is part of the Commerce Department -- released its Construction Spending report for August 2019:
Predicted: +0.3%
Actual: +0.135% (+$1,734,000,000)
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: +0.3%
Actual: +0.135% (+$1,734,000,000)
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 August 2019: $1,287,306,000,000.
- July 2019 (revised): $1,285,572,000,000.
- Change from 12 months previous: -1.895% (-$24,865,000,000.)
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Labels: construction_spending, hard_data
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