April construction spending 2.9 percent below March
Construction spending during April 2020 was estimated at a seasonally adjusted annual rate of $1,346.2 billion, 2.9 percent below the revised March estimate of $1,386.6 billion.
The April figure is 3.0 percent above the April 2019 estimate of $1,307.1 billion. During the first four months of this year, construction spending amounted to $412.5 billion, 7.1 percent above the $385.2 billion for the same period in 2019.
Spending on private construction was at a seasonally adjusted annual rate of $1,004.1 billion, 3.0 percent below the revised March estimate of $1,035.6 billion. Residential construction was 4.5 percent March. Nonresidential construction was 1.3 percent below the previous month.
Public construction spending was $342.1 billion, 2.5 percent below the revised March estimate of $351.0 billion. Educational construction was 2.3 percent below March. Highway construction was 5.2 percent below March.
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.
