All articles tagged with #construction spending
Originally Published 5 months ago — by CNBC
Architecture firms are experiencing a decline in billings due to economic concerns and tariffs, with a slight regional recovery in project inquiries, but overall construction spending is expected to grow only modestly through 2026, amid ongoing uncertainty in the industry.
Originally Published 1 year ago — by Reuters
The US manufacturing sector showed signs of recovery in March, with the ISM manufacturing PMI rising to 50.3, the first reading above 50 since September 2022. New orders and production rebounded, but employment at factories remained subdued. Rising raw material prices pose a potential obstacle, indicating possible goods inflation in the coming months. Meanwhile, construction spending unexpectedly dropped 0.3% in February, but strong growth in manufacturing production is expected to support overall economic growth in the first quarter.