“Construction spending during June 2018 was estimated at a seasonally adjusted annual rate of $1,317.2 billion, 1.1 percent ( ±1.0 percent) below the revised May estimate of $1,332.2 billion,” the U.S. Census Bureau announced on Tuesday.
Key quotes
- The June figure is 6.1 percent above the June 2017 estimate of $1,241.3 billion.
- Spending on private construction was at a seasonally adjusted annual rate of $1,019.8 billion, 0.4 percent below the revised May estimate of $1,023.9 billion.
- In June, the estimated seasonally adjusted annual rate of public construction spending was $297.4 billion, 3.5 percent below the revised May estimate of $308.3 billion.
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