Construction spending posted lackluster results for June, with volume slipping 0.6% from May’s level, to a $1.134-trillion seasonally adjusted annual rate, and edging up a mere 0.3% year over year, the Commerce Dept. has reported.
The report, which Commerce’s U.S. Census Bureau released on Aug. 1, also showed that construction put in place in the first half of 2016 climbed 6.2% from the same period last year, to $539.8 billion.
