Construction Spending Growth Declined in November 2014. Continued Softness in Private Sector Construction.

(Before It's News)

Written by Steven Hansen

The headlines say construction spending declined this month – the data is volatile and backward revisions distort the picture. However, the rate of growth looking at the unadjusted rolling averages has been stable. Noteworthy is a continued softness in private sector construction with some strengthening in public sector construction.

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