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Does a dip in construction spending indicate an economic slowdown?

Ben Bradford Aug 1, 2019
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Justin Sullivan/Getty Images

Does a dip in construction spending indicate an economic slowdown?

Ben Bradford Aug 1, 2019
Justin Sullivan/Getty Images
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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.

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