Menu
Posted December 1, 2021

October construction spending up 0.2 percent

Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2 percent above the revised September estimate of $1,594.8 billion.


The October figure is 8.6 percent above the October 2020 estimate of $1,471.7 billion. During the first ten months of this year, construction spending amounted to $1,323.1 billion, 7.5 percent above the $1,230.8 billion for the same period in 2020.

Spending on private construction was at a seasonally adjusted annual rate of $1,245.0 billion, 0.2 percent below the revised September estimate of $1,247.9 billion. Residential construction was down 0.5 percent from September. Nonresidential construction was 0.2 percent above September.

In October, the estimated seasonally adjusted annual rate of public construction spending was $353.0 billion, 1.8 percent above the revised September estimate of $346.8 billion. Educational construction was 0.2 percent higher than September. Highway construction was 2.4 percent above September.

Click for details.

SPONSORED ADS