US construction spending for April 2019
the fog of
- US construction spending in April 0.0% versus 0.4% estimate
- prior month revised to 0.1% from -0.9% previously reported. The revision takes a lot of the sting out of the headline number for the month
- private residentialconstruction -0.6%
- private nonresidential construction -2.9%
- public construction soars +4.8%
- total private construction tumbles -1.7%
A bit of a mixed report with large revisions and public construction leading the way, but private lagging.
Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor's profits.
