- Prior month 0.7% revised to 0.6%
- Construction spending -0.5% vs 0.2% estimate
Details from the Census Bureau:
Total Construction
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March 2025 spending: $2,196.1B, down -0.5% (±0.8%) from February’s $2,206.9B
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Up 2.8% (±1.2%) from March 2024’s $2,135.8B
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Year-to-date (Jan–Mar 2025): $485.7B, up 2.9% (±1.0%) from $472.2B in same period 2024
Private Construction
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Total private spending: $1,688.0B, down -0.6% (±0.5%) from February’s $1,697.7B
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Residential construction: $937.7B, down -0.4% (±1.3%) from $941.7B
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Nonresidential construction: $750.3B, down -0.8% (±0.5%) from $756.0B
Public Construction
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Total public spending: $508.1B, down -0.2% (±1.5%) from February’s $509.2B
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Educational construction: $110.0B, down -0.6% (±1.6%) from $110.6B
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Highway construction: $145.8B, down -0.5% (±5.6%) from $146.4B
The data is from March, but it is going backward.
This article was written by Greg Michalowski at www.forexlive.com.
