Construction spending down in February
Construction spending during February 2012 was estimated at a seasonally adjusted annual rate of $808.9 billion, 1.1 percent below January, the U.S. Census Bureau said today.
During the first two months of this year, construction spending amounted to $111.3 billion, 7.4 percent above the $103.7 billion for the same period in 2011.
Spending on private construction was at a seasonally adjusted annual rate of $527.3 billion, 0.8 percent below the revised January estimate of $531.7 billion. The annual rate of public construction spending was $281.6 billion, 1.7 percent below the revised January estimate of $286.4 billion.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
