Construction spending up 1.4 percent in October
Construction spending during October 2017 was estimated at a seasonally adjusted annual rate of $1.24 trillion, 1.4 percent above the revised September estimate of $1.22 trillion.
The October figure is 2.9 percent above the October 2016 estimate of $1.20 trillion. During the first 10 months of this year, construction spending amounted to $1.02 trillion, 4.1 percent above the $988.8 billion for the same period in 2016.
Spending on private construction was at a seasonally adjusted annual rate of $949.9 billion, 0.6 percent above September. Residential construction was 0.4 percent higher than September, while non-residential construction rose by 0.9 percent.
At $291.6 billion, public construction spending was 3.9 percent more than in September. Educational construction spending climbed 10.9 percent, while highway construction grew by 1.1 percent compared to September.
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.
