30 Mart 2017 Perşembe Breaking News             Latest US News            New York

Protesters break windows outside Allegheny County Jail
U.S. construction spending fell in August for the second straight month to its lowest level in eight months, an unexpected drop driven by weakness across public and private sectors. The successive declines suggest home building might not help economic growth...

Construction Spending Falls in Headwind for 3Q GDP

U.S. construction spending fell in August for the second straight month to its lowest level in eight months, an unexpected drop driven by weakness across public and private sectors. The successive declines suggest home building might not help economic growth...

Construction Spending Falls in Headwind for 3Q GDP

U.S. construction spending fell in August for the second straight month to its lowest level in eight months, an unexpected drop driven by weakness across public and private sectors. The successive declines suggest home building might not help economic growth in the third quarter.

Continue Reading Below

The Commerce Department said on Monday construction spending dropped 0.7 percent in August to a seasonally adjusted annual rate of $1.142 trillion, the lowest since December 2015.

Economists had expected outlays to rise 0.2 percent.

The government also revised downward its estimate for July, saying spending declined 0.3 percent rather than the initial estimate that outlays were unchanged.

In August, private construction spending fell 0.3 percent, with outlays on residential construction down by the same amount.

Spending on private nonresidential structures fell 0.4 percent in August.

Continue Reading Below

Public construction spending dropped 2.0 percent in August to the lowest level since March 2014, with lower spending reported for highways and schools.

(Reporting by Jason Lange; Editing by Andrea Ricci)

Our editors found this article on this site using Google and regenerated it for our readers.

Breaking News Headlines

3 reasons why you should avoid preparing legal documents online
3 reasons why you should avoid preparing legal documents online
3 reasons why you should avoid preparing legal documents online
3 reasons why you should avoid preparing legal documents online
‘Why am I in handcuffs?’: Wyclef Jean tweets mistaken identity case | Toronto Star
‘Why am I in handcuffs?’: Wyclef Jean tweets mistaken identity case | Toronto Star
Canadian Stephan James stars in Shots Fired | Toronto Star
Canadian Stephan James stars in Shots Fired | Toronto Star
Betty Kennedy, journalist and Front Page Challenge panellist, dead at 91 | Toronto Star
Betty Kennedy, journalist and Front Page Challenge panellist, dead at 91  | Toronto Star
Could Bitcoin Make Online FX Trading More Attractive? Developments in Japan Suggest it Could
Could Bitcoin Make Online FX Trading More Attractive? Developments in Japan Suggest it Could
Mysterious ‘Hairy Blob’ Creature Could Be Decomposed Whale, Washed Ashore In The Philippines [VIDEO]
Mysterious ‘Hairy Blob’ Creature Could Be Decomposed Whale, Washed Ashore In The Philippines [VIDEO]
Legos ready to blast off with 'Women of NASA' set
Legos ready to blast off with 'Women of NASA' set
Some doctors helping patients sidestep high price of EpiPen by refilling them
Some doctors helping patients sidestep high price of EpiPen by refilling them
US stock indexes pull back from record highs; Oil falls
US stock indexes pull back from record highs; Oil falls
What Does Mama June Look Like Now In 2017? ‘From Not To Hot’ Star Suffers Complication During Makeover Surgery
What Does Mama June Look Like Now In 2017? ‘From Not To Hot’ Star Suffers Complication During Makeover Surgery
Dave Chappelle Netflix Release Date Confirmed: Famed Comedian To Debut Stand-Up Specials
Dave Chappelle Netflix Release Date Confirmed: Famed Comedian To Debut Stand-Up Specials
NEWS ARCHIVES