Piper Sandler economists indicate that the increase in construction spending in the USA for November is too small to alter the flattening trend. The total annualized expenditure is $2.153 trillion, slightly higher than in October. Economists point out that, as of November, private non-residential construction spending in the USA for 2024 is basically flat. 'Notably, spending on construction in computers and electronics has been on a downward trend since May, having decreased by 6.9% from its historical peak.' They add that construction for Datacenters has increased by 36% during this period, which is a notable exception. Piper Sandler believes that weak construction spending is a drag on economic growth this year.