June Construction Spending Hits Record $1.217 Trillion

Hume, Lynn
August 2006
Bond Buyer;8/2/2006, Vol. 358 Issue 32436, p2
Trade Publication
The article discusses U.S. Commerce Department data that reveals that spending on construction projects escalated 0.3% to an all-time high seasonally adjusted yearly rate of $1.217 trillion in June 2006. Both private and public construction demonstrated gains. The June hike was a little higher than the 0.2% growth forecasted by IFR Markets and was 6.8% above the June 2005 estimate of $1.140 trillion.


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