Construction spending rose 0.3 percent in July
Construction spending during July 2021 was estimated at a seasonally adjusted annual rate of $1,568.8 billion, 0.3 percent above the revised June estimate of $1,563.4 billion.
The July figure is 9.0 percent above the July 2020 estimate of $1,439.6 billion. During the first seven months of this year, construction spending amounted to $883.2 billion, 6.2 percent above the $831.5 billion for the same period in 2020.
Spending on private construction was at a seasonally adjusted annual rate of $1,231.0 billion, 0.3 percent above the revised June estimate of $1,227.8 billion. Residential construction was 0.5 percent above the revised June estimate of $768.9 billion. Nonresidential construction was 0.2 percent below the revised June estimate of $458.9 billion.
Public construction spending was $337.8 billion, 0.7 percent above the revised June estimate of $335.6 billion. Educational construction was 0.5 percent below June. Highway construction was 1.9 percent above June estimate.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Industrial Supply Co. 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.
