That’s a pretty ugly number right there.
Big falls in public spending which was -4.0% vs +1.6% in May and -2.9% vs a year ago. Private spending was-1.0% vs +0.4% prior, +9.2% y/y
US construction spending details 01 08 2014
Even with the poor headline there’s still some decent year on year growth, though public spending could be doing better.
US construction spending y/y 01 08 2014