January construction spending up 0.3 percent
Construction spending during January was estimated at a seasonally adjusted annual rate of $1,279.6 billion, 1.3 percent above the revised December estimate of $1,263.1 billion.
The January figure is 0.3 percent above the January 2018 estimate of $1,276.3 billion.
Spending on private construction was at a seasonally adjusted annual rate of $966.0 billion, 0.2 percent above the revised December estimate of $964.2 billion. Residential construction was at a seasonally adjusted annual rate of $511.4 billion in January, 0.3 percent below December. Nonresidential construction was at a seasonally adjusted annual rate of $454.7 billion in January, 0.8 percent above December.
Public construction spending was $313.6 billion, 4.9 percent above the revised December estimate of $299.0 billion. Educational construction was at a seasonally adjusted annual rate of $77.8 billion, 2.2 percent above December. Highway construction was at a seasonally adjusted annual rate of $99.9 billion, 11.8 percent above December.
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.
