Construction Spending During May 2021
Earlier today, the U.S. Census Bureau -- which is part of the Commerce Department -- released its Construction Spending report for May 2021:
Predicted: +0.4%
Actual: -0.272% (-$4,216,000,000)
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.
Predicted: +0.4%
Actual: -0.272% (-$4,216,000,000)
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 2021: $1,545,272,000,000.
- April 2021 (revised): $1,549,488,000,000.
- Change from 12 months previous: +7.481% (+$107,551,000,000.)
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| CHART: Construction Spending During May 2021 |
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Labels: Building, construction, construction_spending, Coronavirus, COVID_19, COVID-19, COVID19, hard_data, Pandemic
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posted by Steve Brown | 7/01/2021 06:08:00 PM
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