July construction spending up 0.1 percent from June
Construction spending during July 2020 was estimated at a seasonally adjusted annual rate of $1,364.6 billion, 0.1 percent above the revised June estimate of $1,362.8 billion.
The July figure is 0.1 percent below the July 2019 estimate of $1,366.0 billion. During the first seven months of this year, construction spending amounted to $792.6 billion, 4.0 percent above the $761.9 billion for the same period in 2019.
Spending on private construction of $1,013.5 billion was 0.6 percent above the revised June estimate of $1,007.2 billion. Residential construction was 2.1 percent above June. Nonresidential construction was 1.0 percent below June.
Public construction spending was $351.1 billion,1.3 percent (below the revised June estimate of $355.6 billion. Educational construction was 3.0 percent below June; Highway construction was 3.1percent below June.
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.
