July Construction Spending Up Double Digits Over Last Year

The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2015 was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7 percent (±1.5 percent) above the revised June estimate of $1,075.9 billion. The July figure is 13.7 percent (±2.0 percent) above the July 2014 estimate of $952.5 billion.

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