CHART OF THE DAY: The Secular Bear Market In God

Construction spending missed expectations falling 0.6% in June.

One of the notable drags on construction was the decline in spending on religious constructions, which was down 6.8% on the month, and 12.2% on the year.

A further breakdown, shows that private religious construction spending was down 7.3% on the month and 12.7% on the year.

But construction spending on religious institutions has been on a long-term, secular decline for some time now.

cotd religious construction

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