Construction spending down 0.8 percent
Construction spending during May 2016 was 0.8 percent lower than in April, according to the monthly report from the U.S. Census Bureau.
May construction spending was estimated at a seasonally adjusted annual rate of $1.14 trillion, 0.8 percent below the revised April estimate of $1.15 trillion.
The May figure is 2.8 percent above the May 2015 estimate of $1.12 trillion.
Spending on private construction was at a seasonally adjusted annual rate of $859.3 billion, 0.3 percent below April. Public construction spending was $284.0 billion, 2.3 percent below April.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
