Construction spending in the United States increased marginally in June, data by the U.S. Department of Commerce showed on Monday.<\/p>\n\n\n\n
An increase of 0.1% in June brought construction expenditure to a seasonally adjusted annual rate of $1.55 trillion.<\/p>\n\n\n\n
The May reading was revised upwards to show a 0.2% decline, versus an initial estimate of a 0.3% decrease.<\/p>\n\n\n\n
Spending on residential construction added 1.1%, public spending on construction projects decreased by 1.2%.<\/p>\n\n\n\n
On the other hand, spending on non-residential construction leveled down by 0.7%.<\/p>\n\n\n\n
On an annual level, spending on residential construction surged by 28.8%, while spending on nonresidential construction fell by 6.6%.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Construction spending in the United States increased marginally in June, data by the U.S. Department of Commerce showed on Monday. An increase of 0.1% in June brought construction expenditure to a seasonally adjusted annual rate of $1.55 trillion. The May reading was revised upwards to show a 0.2% decline, versus an initial estimate of a …<\/p>\n","protected":false},"author":10,"featured_media":36478,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7253,6858],"class_list":["post-48969","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-construction-spending","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=48969"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48969\/revisions"}],"predecessor-version":[{"id":48971,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48969\/revisions\/48971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/36478"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=48969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}