According to the latest data from the US Census Bureau, construction spending fell by 0.28% from US$977.70 billion in October 2014 to a seasonally adjusted annual rate of US$974.976 billion in November 2014.
Much of the decline, which is the first recorded since June 2014, was attributed to decreased government outlays, particularly publicly-built school spending, as well as transportation, health care, and public safety sector spending. A fall in investment in non-residential construction projects also contributed.
Edited from various sources by Rosalie Starling
Sources
Read the article online at: https://www.worldcement.com/the-americas/05012015/fall-in-us-construction-spending-in-november-79/
