5/2/2022, 4:01 PM (Source: TeleTrader)
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Construction spending up 0.1% in US in March

Construction spending in the United States amounted to $1.73 trillion in March, increasing 0.1% compared to the previous month's revised figure, the US Census Bureau said in a report on Monday. On an annual basis, the number was 11.7% higher.

During the first three months of 2022, construction spending stood at $376.6 billion, rising 12% in comparison to the corresponding time span in 2021.

Private construction spending was up 0.2% month on month in March, amounting to $1.38 trillion, while public construction spending was $351 billion, 0.2% lower on a monthly basis.

Baha Breaking News (BBN) / MS