El Department of Commerce reported that the spending in the construction sector Had his biggest drop in June, this had not happened since last year, as reported by the news agency reuters.com.
MiamiDiario Newsroom
According to United States Department of Commerce construction spending experienced in June its biggest drop in seven months, the reason is that the investment in private projects fell to a minimum of more than a year and a half.
El Department of Commerce stressed that the construction spending decreased 1,3%, which is considered the biggest drop since last November.
May statistics were parsed upwards to show that payments in the construction area decreased by 0,5%, which indicated that the decrease was not 0,8% as previously indicated.
According to a group of economists who were interviewed by the Reuters news agency, projections indicated that disbursements in the construction sector would increase by 0,3% in June, but those perspectives did not materialize.
When analyzing the construction expenses during the month of June it was found that decreased 2,1% on a year-over-year basis.
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