Construction spending rose in August
Construction spending during August 2020 was estimated at a seasonally adjusted annual rate of $1,412.8 billion, 1.4 percent above the revised July estimate of $1,392.7 billion.
The August figure is 2.5 percent above the August 2019 estimate of $1,379.0 billion. During the first eight months of this year, construction spending amounted to $927.7 billion, 4.2 percent above the $889.9 billion for the same period in 2019.
Spending on private construction was at a seasonally adjusted annual rate of $1,061.4 billion, 1.9 percent above the revised July estimate of $1,041.7 billion. Residential construction was 3.7 percent above July. Nonresidential construction was 0.3 percent below July.
Public construction spending was at a seasonally adjusted annual rate of $351.4 billion, 0.1 percent above the revised July estimate of $350.9 billion. Educational construction was 0.6 percent above July. Highway construction was 1.9 percent above July.
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.
