03
Jul
19:49
US construction spending hits record high
US construction spending touched an all-time high in May, supported by strong investment levels in both residential and public construction, Kallanish learns from the Associated General Contractors of America.
May spending reached a record high of $1.309 trillion, up 0.4% from April and 4.5% from May 2017.
"Public construction spending has increased strongly for the past nine months and is now at the highest level since 2010, led by a rebound in infrastr…
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