Construction spending increased in August
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during August 2015 was estimated at a seasonally adjusted annual rate of $1,086.2 billion, 0.7 percent above the revised July estimate of $1,079.1 billion.
The August figure is 13.7 percent above the August 2014 estimate of $955.0 billion.
During the first 8 months of this year, construction spending amounted to $683.4 billion, 9.8 percent above the $622.4 billion for the same period in 2014.
Spending on private construction was at a seasonally adjusted annual rate of $788.0 billion, 0.7 percent above the revised July estimate of $782.3 billion. Residential construction was at a seasonally adjusted annual rate of $383.3 billion in August, 1.3 percent above the revised July estimate of $378.5 billion. Nonresidential construction was
at a seasonally adjusted annual rate of $404.7 billion in August, 0.2 percent above the revised July estimate of $403.8 billion.
In August, the estimated seasonally adjusted annual rate of public construction spending was $298.2 billion, 0.5 percent above the revised July estimate of $296.8 billion. Educational construction was at a seasonally adjusted annual rate of $67.4 billion, 0.2 percent below the revised July estimate of $67.5 billion. Highway construction was at a seasonally adjusted annual rate of $90.4 billion, 0.4 percent below the revised July estimate of $90.7 billion.
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.
