Value of New Construction Spending in May Shows Mild Decline to $1,293.9 Billion

摘要

Total construction spending during May 2019 was estimated at a seasonally adjusted annual rate of $1,293.9 billion, 0.8% percent below the revised April estimate of $1,304.0 billion. The May figure is -2.3% below the May 2018 estimate of $1,324.3 billion. During the first five months of this year, construction spending amounted to $498.8 billion, -0.3% below the $500.3 billion for the same period in 2018.