Does a dip in construction spending indicate an economic slowdown?

Ben Bradford Aug 1, 2019
Share Now on:
HTML EMBED:
COPY
Justin Sullivan/Getty Images

Does a dip in construction spending indicate an economic slowdown?

Ben Bradford Aug 1, 2019
Justin Sullivan/Getty Images
Share Now on:
HTML EMBED:
COPY

Construction spending has been at an all-time high, reaching over $1.3 trillion last year. Over the last few months, that’s slipped a little bit. It could indicate broader economic slowdown, but economists attribute the slippage to too much demand and not enough workers. They see it as a sign that construction may be overheating rather than cooling down.

Click the audio player above to hear the full story.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.