The data are based on the latest statistics from the U.S. Department of Commerce and show that construction spending in July fell 0.5% month on month to its lowest level in about 3 years.
U.S. construction spending fell 0.5% month on month in July.
The decline brought construction spending to its lowest level in about 3 years.
The reported figures cover July and are notable both for the month-on-month comparison and the level reached.