Industrial construction spending co...

Industrial construction spending continues to impress

As is its annual custom, the system of exchanges Department has rewritten construction spending history. With the release of its May estimates of the value of of the present day construction put-in-place, the government has revised all monthly estimates back to the beginning of 1987 In no building sector was the magnitude of these revisions more dramatic than in the industrial construction collection (manufacturing plants and warehouses).

Instead of growing by way of 9.1 percent in inflation-adjusted seasons between 1988 and 1989 as originally reported by the agency of the ...