Construction spending up 0.7 percent in December
Construction spending during December 2017 was estimated at a seasonally adjusted annual rate of $1,253.3 billion, 0.7 percent above the revised November estimate of $1,245.1 billion.
The December figure is 2.6 percent above the December 2016 estimate of $1,221.6 billion.
The value of construction in 2017 was $1,230.6 billion, 3.8 percent above the $1,185.7 billion spent in 2016.
Spending on private construction was at a seasonally adjusted annual rate of $963.2 billion, 0.8 percent above the revised November estimate of $955.9 billion.
The value of private construction in 2017 was $950.7 billion, 5.8 percent above the $898.7 billion spent in 2016.
In December, the estimated seasonally adjusted annual rate of public construction spending was $290.0 billion, 0.3 percent above the revised November estimate of $289.1 billion.
The value of public construction in 2017 was $279.8 billion, 2.5 percent below the $287.0 billion spent in 2016.
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.
