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- May Construction Spending: +0.1% M/M to $2,139.8B vs. +0.3% expected and -0.1% in April. The May figure is 6.4 percent above the May 2023 estimate of $2,011.8 billion
- Spending on private construction was at a seasonally adjusted annual rate of $1,652.1 billion, 0.3 percent below the revised April estimate of $1,656.7 billion.
- Residential construction was at a seasonally adjusted annual rate of $918.2 billion in May, 0.2 percent below the revised April estimate of $920.3 billion.
- Nonresidential construction was at a seasonally adjusted annual rate of $733.9 billion in May, 0.3 percent below the revised April estimate of $736.5 billion.
- The estimated seasonally adjusted annual rate of public construction spending was $487.6 billion, 0.5 percent above the revised April estimate of $485.4 billion, the U.S. Census Bureau said.