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02 Jul
17:51

Put-in-place construction spending falls in May

A 0.2% gain in value of put-in-place construction spending in the US residential construction sector during May was offset by a 0.7% decline in non-residential put-in-place construction spending, resulting in a 0.3% decline in value for total construction work in the US during the month, Kallanish reports. According to the data released by the US Census Bureau, the value of put-in-place construction spending rose by 7.5% year-over-year in May. The on-yea…
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