Construction spending up slightly in July
Construction spending during July 2019 was estimated at a seasonally adjusted annual rate of $1,288.8 billion, 0.1 percent above the revised June estimate of $1,288.1 billion.
The July figure is 2.7 percent below the July 2018 estimate of $1,324.8 billion. During the first seven months of this year, construction spending amounted to $733.8 billion, 2.1 percent below the $749.9 billion for the same period in 2018.
Spending on private construction was at a seasonally adjusted annual rate of $963.1 billion, 0.1 percent below the revised June estimate of $963.7 billion. Residential construction was 0.6 percent above June. Nonresidential construction was 0.8 percent below June .
Public construction spending was at a seasonally adjusted annual rate of $325.7 billion, 0.4 percent above the revised June estimate of $324.3 billion. Educational construction was 1.6 percent above June. Highway construction spending in July was 2.7 percent below the previous month.
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.
