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%, to $539.8 billion, from the same period last year.