Skip to main content

US construction spending jumps

Published by
World Cement,


In May 2015, US construction spending grew to its highest level in over six and a half years. Outlays increased across the industry, the latest sign of momentum in the economy.

Reaching the highest level since October 2008, construction spending increased 0.8% to an annual rate of US$1.04 trillion.

In May, construction spending was lifted by a 0.9% increase in private construction spending reaching the highest level since July 2008. Spending on private residential construction also rose 0.3%.


Edited from source by Joseph Green. Source: Reuters

Read the article online at: https://www.worldcement.com/the-americas/03072015/may-us-construction-spending-grew-97/

You might also like

 EnviroTech 2020

[ONLINE] EnviroTech 2020

EnviroTech 2020 is an online conference for professionals in the cement sector. Featuring presentations from industry experts, you can join this completely virtual conference from anywhere in the world, absolutely free. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):