Private
nonresidential construction spending increased 0.5 % to a rate of $ 434 billion.
Private
nonresidential construction spending increased 2.1 % to a seasonally adjusted annual rate of $ 432 billion.
Private
nonresidential construction spending was also down 1.5 %, the first decline in 2016.
Meanwhile
nonresidential construction spending declined 0.4 % after two consecutive monthly increases.
Private
nonresidential construction spending fell for a second consecutive month in May.
«We can expect
nonresidential construction spending to expand during the first half of the year.»
Private
nonresidential construction spending was 2.5 % lower than a year ago, driven by the declines in spending on power and manufacturing.
Not exact matches
Construction spending in November was held down by a 0.8 % drop in nonresidential c
Construction spending in November was held down by a 0.8 % drop in
nonresidential constructionconstruction.
According to American Institute of Architects, despite labor shortages and rising material costs that continue to impact the
construction sector,
construction spending for
nonresidential buildings in the U.S. is projected to increase 4 % this year and continue at that pace of growth through 2019.
On the other hand,
nonresidential construction increased slightly by 0.4 percent for the month, with the increase mostly attributed to a rise in
spending on health care, schools, and power plants.