US: Construction spending during Aug 2017 was estimated at an annual rate of $1,218.3 bln

Eren Sengezer FXStreet

"Construction spending during August 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.5% above the revised July estimate of $1,212.3 billion," the U.S. Census Bureau announced on Monday.

Key highlights:

The August figure is 2.5 percent above the August 2016 estimate of $1,189.1 billion.
Spending on private construction was at a seasonally adjusted annual rate of $954.8 billion, 0.4 percent above the revised July estimate of $950.5 billion.
Residential construction was at a seasonally adjusted annual rate of $520.9 billion in August, 0.4 percent above the revised July estimate of $518.6 billion.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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