Construction Spending Hits 11-Year Low in May

Construction spending fell for the sixth straight month in May, touching an 11-year low, as shrinking public outlays and residential construction swamped a rise in private nonresidential work, according to AGC's analysis of new Census Bureau data. Ken Simonson, AGC's chief economist, predicted spending patterns would continue to be uneven. Read full press release here.  The news was covered by The Bellingham Herald, The Greater Binghamton Business Journal, Pit & Quarry and The State Journal-Register.