Investment in U.S. construction fell by 0.7 percent, according to the U.S. Commerce Department, the largest drop since February 2021. August’s decline compounded the 0.6 decrease seen in July. In a Reuters poll, economists forecast that construction spending would edge down by 0.3 percent. Year-over-year, spending was up by 8.5 percent.
U.S. construction spending slides in August
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