Construction spending up in August
Construction spending was estimated at a seasonally adjusted annual rate of $1,414.0 billion during September 2020, 0.3 percent above the revised August estimate of $1,410.4 billion.
The September figure is 1.5 percent above the September 2019 estimate of $1,393.3 billion. During the first nine months of this year, construction spending amounted to $1,058.5 billion, 4.1 percent above the $1,016.7 billion for the same period in 2019.
Spending on private construction was at a seasonally adjusted annual rate of $1,074.9 billion, 0.9 percent above the revised August estimate of $1,065.6 billion. Residential construction was 2.8 percent above August. Nonresidential construction was 1.5 percent below August.
The estimated seasonally adjusted annual rate of public construction spending was $339.1 billion, 1.7 percent below the revised August estimate of $344.8 billion. Educational construction was 2.0 percent above August. Highway construction was 5.4 percent below the August estimate.
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.
