Saturday, 22 October 2011
CONSTRUCTION SPENDING HITS 11-YEAR LOW IN MAY AS DECLINING RESIDENTIAL, PUBLIC OUTLAYS SWAMP GAINS IN PRIVATE NONRESIDENTIAL SEGMENTS
Power, Manufacturing, Transportation and Distribution Construction Constitute “A Few Bright Spots,” Association Economist Says, But Overall Gains Will Be “Modest at Best”Construction spending fell for the sixth straight month in May, touching an 11-year low, as shrinking public outlays and residential construction swamped a rise in private nonresidential work, the Associated General Contractors of America reported today in an analysis of new Census Bureau data. The construction trade
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