Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

US construction spending rises

US construction spending rose unexpectedly in June, according to figures released by the country’s Commerce Department.

Overall expenditure in the sector increased by 0.3 per cent, confounding analysts who had predicted further falls after a 0.8 per cent drop in May.

Public construction spending grew 1 per cent to $321.75 billion (£190 billion), the highest on record. State and local construction rose 1 percent, while federal building was up 1.9 per cent.

However, private construction spending fell by 0.1 per cent, despite private residential building increasing by 0.5 per cent. The figures were reported by Reuters.