Marketplace®

Daily business news and economic stories

Does a dip in construction spending indicate an economic slowdown?

Construction spending fell more than a percentage point in June, the second drop in two months.

Does a dip in construction spending indicate an economic slowdown?
Justin Sullivan/Getty Images

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.

Related Topics

Latest Episodes

View All Shows
  • Make Me Smart
    a day ago
    25:16
  • Marketplace
    a day ago
    25:41
  • Marketplace Morning Report
    2 days ago
    6:43
  • Marketplace Tech
    2 days ago
    11:19
  • This Is Uncomfortable
    12 days ago
    56:05
  • Million Bazillion
    a month ago
    32:45