Nonresidential construction spending fell 0.2% in May, marking the end of 11 months of continuous growth. While a 17% growth has been observed over the period, the majority of the increase is due to manufacturing-related construction. Despite these figures, contractors remain optimistic as per ABC’s ConstructionConfidence Index,” said Anirban Basu, Associated Builders andContractors’ chief economist
Nonresidential Construction Spending Decreases in May, First Time in Nearly a Year, Says ABC
