Construction spending in the United States amounted to $1.73 trillion in March, increasing 0.1% compared to the previous month's revised figure, the US Census Bureau said in a report on Monday. On an annual basis, the number was 11.7% higher.
During the first three months of 2022, construction spending stood at $376.6 billion, rising 12% in comparison to the corresponding time span in 2021.
Private construction spending was up 0.2% month on month in March, amounting to $1.38 trillion, while public construction spending was $351 billion, 0.2% lower on a monthly basis.
