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February Construction Spending Falters

Mon, April 01, 2024 12:00 PM | Anonymous

Construction spending during February 2024 was estimated at a seasonally adjusted annual rate of $2,091.5 billion, 0.3 percent below the downward revised January estimate of $2,096.9 billion. The February figure is 10.7 percent above the February 2023 estimate of $1,889.6 billion. Nearly all of the slowdowns came from decreased activity in the public market segment. During the first two months of this year, construction spending amounted to $298.1 billion, 11.9 percent above the $266.5 billion for the same period in 2023.   READ MORE ....

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