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.

• 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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• Click here to view the full Census Bureau report

 

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