10 straight quarters of declining construction. Where’s the trillions being invested? “Spending on factory projects dropped 1.2%. Investment in nonresidential structures contracted in the second quarter, logging its 10th straight quarterly decline.” It’s not unexpected. It’s probably worse.
US construction spending unexpectedly falls in June — ReutersU.S. construction spending unexpectedly fell in June as higher mortgage rates continued to weigh on homebuilding.apple.news