Construction Spending decreased by 0.7 percent in the USA!

Construction Spending decreased by 0.7 percent in the USA!

According to data released by the United States (U.S.) Department of Commerce, construction spending decreased by 0.7 percent in June. According to the statement made by the Ministry of Commerce, construction expenditures for June could not meet the expectations. Construction expenditures, which decreased by 0.7 percent compared to May data, mislead industry experts. Experts predicted that expenditures, which decreased by 1.7 percent in May, will increase by 1 percent in June. General data shows that construction expenditures in the country increased by 5 percent in the first half of 2020 compared to the same period of the previous year. With this rate, the amount of construction expenditures of the USA in the first half of 2020 increased to $ 667.9 billion.