U.S. Construction Spending Declined in April
June 01 2020 - 10:37AM
Dow Jones News
By Sarah Chaney
WASHINGTON--Spending on U.S. construction projects decreased in
April as the coronavirus dented the broader economy, according to
Monday's Commerce Department report. Here are the report's
highlights:
- Construction spending declined 2.9% in April from the prior
month. Economists surveyed by The Wall Street Journal expected
construction spending to fall 5.8% in April.
-From a year earlier, overall construction spending was up
3%.
-Private construction spending decreased 3% from a month
earlier. Residential construction was down 4.5%.
-Government construction spending fell 2.5% from a month
earlier.
Write to Sarah Chaney at sarah.chaney@wsj.com
(END) Dow Jones Newswires
June 01, 2020 10:22 ET (14:22 GMT)
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