Construction spending up 0.5 percent in September
Construction spending during September 2019 was estimated at a seasonally adjusted annual rate of $1,293.6 billion, 0.5 percent above the revised August estimate of $1,287.1 billion.
The September figure is 2.0 percent below the September 2018 estimate of $1,319.7 billion.
During the first nine months of this year, construction spending amounted to $968.7 billion, 2.2 percent below the $990.2 billion for the same period in 2018.
Spending on private construction was at a seasonally adjusted annual rate of $961.7 billion, 0.2 percent above the revised August estimate of $959.9 billion. Residential construction was 0.6 percent above August. Nonresidential construction was 0.3 percent below August.
Public construction spending was $331.9 billion, 1.5 percent above the revised August estimate of $327.2 billion. Educational construction was 3.1 percent above August. Highway construction was 2.6 percent above August spending.
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.
