No. 958: May 2018 Construction Spending and Benchmarking

(SGS Subscription required) • Construction Spending Benchmark Revisions Were Net-Neutral, but Patterns of Activity Shifted to Show a More-Negative Current Economic Trend
• May 2018 Inflation-Adjusted (Real) Construction Spending Held Shy of Its Pre-Recession Peak by 19.8% (-19.8%); Pre-Benchmarking, April 2018 Previously Had Been Down by 19.4% (-19.4%)
• Revisions Flattened Out the Level of Inflation-Adjusted (Real) Construction Spending of Recent Years
• Recent Large Spikes to Annual Growth in Real Spending Revised Away; Year-to-Year Change Has Resumed Its Downtrending Flat-to-Minus Pattern

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