Construction spending strengthens in August, led by rebound in public sector outlays

• October 2, 2017
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance

Spending increased 0.5% during the month, and stood 2.5% higher than a year ago. Outlays were at a seasonally adjusted annual $1.22 trillion rate in August, while July’s initial tally was revised up to $1.212 trillion. The median forecast among economists surveyed by was for a 0.4% increase.