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U.S.Economy: 
Construction Spending Decreases 0.9% in May
Author: 123jump.com Staff
123jump.com
Last Update: 10:31 AM ET July 01 2009



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The U.S. Census Bureau of the Department of Commerce announced today that construction spending during May 2009 was estimated at a seasonally adjusted annual rate of $964.0 billion, 0.9% below the revised April estimate of $972.5 billion. The May figure is 11.6% below the May 2008 estimate of $1,090.7 billion.

 

 

 

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