Estimated reading time: 0 minutes, 19 seconds

Commerce Dept: Construction Spending Tapered Off As Year Ended

Commerce Dept: Construction Spending Tapered Off As Year Ended "The Department of Commerce. "

Despite an expectation it would increase, construction spending in December fell as public and private investments each dropped. So reports CNBC.

According to information from the Commerce Department, construction spending dipped 0.6% in December. Year-over-year, December's numbers were 1.6% higher.

For the year, spending was up 4.1%. The figures may have an impact on the recently published fourth quarters GDP estimate.

Read the full articles from CNBC

Read 3841 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.