Construction spending fell in February
Construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8 percent below the revised January estimate of $1,529.0 billion.
The February figure is 5.3 percent above the February 2020 estimate of $1,441.1 billion. During the first two months of this year, construction spending amounted to $213.2 billion, 4.9 percent above the $203.2 billion for the same period in 2020.
Spending on private construction was at a seasonally adjusted annual rate of $1,165.7 billion, 0.5 percent below the revised January estimate of $1,171.6 billion. Residential construction was 0.2 percent below January. Nonresidential construction was 1.0 percent below January.
The estimated seasonally adjusted annual rate of public construction spending was $351.2 billion, 1.7 percent below the revised January estimate of $357.4 billion. Educational construction was 3.2 percent below January. Highway construction was 0.6 percent below January.
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.
