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Construction Spending Largely Unchanged as Shutdowns End
Monday, August 3, 2020
Construction spending held firm in June, inching down fractionally
from the May level and increasing a bit compared to June 2019. The U.S. Census
Bureau said total spending during the month was at a seasonally adjusted annual
rate of $1.355 trillion, down 0.7 percent from the $1.365 trillion spending
rate in May. On an annual basis the rate was up 0.1 percent.
On an unadjusted basis there was $123.377 billion spent
compared to $117.226 billion the prior month. Spending for the first six months
of the year was up 5.0 percent from the same period in 2019 at $667.920
billion.
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