Construction spending fell in September
Construction spending during September was estimated at a seasonally adjusted annual rate of $1,573.6 billion, 0.5 percent below the revised August estimate of $1,582.0 billion.
The September figure is 7.8 percent above the September 2020 estimate of $1,459.3 billion. During the first nine months of this year, construction spending amounted to $1,177.5 billion, 7.1 percent above the $1,099.8 billion for the same period in 2020.
Spending on private construction was at a seasonally adjusted annual rate of $1,229.9 billion, 0.5 percent below the revised August estimate of $1,236.1 billion. Residential construction was 0.4 percent below August. Nonresidential construction was 0.6 percent below August.
Public construction spending was $343.7 billion, 0.7 percent below the revised August estimate of $345.9 billion. Educational construction was 0.9 percent above August. Highway construction was 0.7 percent below August.
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.
