Construction spending up 0.9 percent
Construction spending during November 2020 was estimated at a seasonally adjusted annual rate of $1,459.4 billion, 0.9 percent above the revised October estimate of $1,446.9 billion.
The November figure is 3.8 percent above the November 2019 estimate of $1,405.5 billion.
During the first 11 months of 2020, construction spending amounted to $1,314.1 billion, 4.4 percent above the $1,258.8 billion for the same period in 2019.
Spending on private construction was at a seasonally adjusted annual rate of $1,111.8 billion, 1.2 percent above the revised October estimate of $1,098.6 billion. Residential construction was 2.7 percent above October. Nonresidential construction was 0.8 percent below October.
Public construction spending was $347.6 billion, 0.2 percent below the revised October estimate of $348.3 billion. Educational construction was 0.3 percent above October. Highway construction was 1.8 percent above October.
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.
