May construction spending behind April
Construction spending during May 2021 was estimated at a seasonally adjusted annual rate of $1,545.3 billion, 0.3 percent below April's $1,549.5 billion.
The May figure is 7.5 percent above the May 2020 estimate of $1,437.7 billion. During the first five months of this year, construction spending amounted to $594.8 billion, 4.6 percent above the $568.5 billion for the same period in 2020.
Spending on private construction was at a seasonally adjusted annual rate of $1,203.3 billion, 0.3 percent below the revised April estimate of $1,206.8 billion. Residential construction was 0.2 percent above April. Nonresidential construction was 1.1 percent below the revised April estimate of $456.5 billion.
In May, the estimated seasonally adjusted annual rate of public construction spending was $342.0 billion, 0.2 percent below the revised April estimate of $342.7 billion. Educational construction was 1.9 percent below April. Highway construction was 1.4 percent above April.
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.
