Construction Spending During February 2022
Earlier today, the U.S. Census Bureau -- which is part of the Commerce Department -- released its Construction Spending report for February 2022:
Predicted: +0.5%
Actual: +0.522% (+$8,852,000,000)
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.
CHART: Construction Spending
During February 2022
Predicted: +0.5%
Actual: +0.522% (+$8,852,000,000)
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 February 2022: $1,704,383,000,000.
- January 2022 (revised): $1,695,531,000,000.
- Change from 12 months previous: +11.161% (+$171,131,000,000.)
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CHART: Construction Spending
During February 2022
Labels: Building, construction, construction_spending, Coronavirus, COVID_19, COVID-19, COVID19, hard_data, Pandemic
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posted by Steve Brown | 4/01/2022 04:52:00 PM
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