U.S. Commerce Department: August Construction Spending Revised Downward Print
Federal Government
By Administrator   
Monday, 06 October 2014 05:13

RALEIGH, (SGRToday.com) - Releasing its latest figures on construction spending, the U.S. Census Bureau put spending at a seasonally adjusted annual rate of $961.0 billion. The figure is 0.8 percent below the revised July estimate of $968.8 billion. 

 
The August figure is 5.0 percent above the August 2013 estimate of $915.3 billion, according to the data release from the Commerce Department agency.
 
During the first 8 months of this year, construction spending amounted to $623.1 billion, 6.8 percent above the $583.2 billion for the same period in 2013.
 
The Census Bureau broke down the data into dollars spent on public construction and dollars spent on private construction.
 
Spending on private construction was at a seasonally adjusted annual rate of $685.0 billion, 0.8 percent below the revised July estimate of $690.3 billion. 
 
Nonresidential construction was at a seasonally adjusted annual rate of $333.3 billion in August, 1.4 percent below the revised July estimate of $338.1 billion.
 
Spending on public construction hit $275.9 billion, 0.9 percent below the revised July estimate of $278.5 billion. 
 
Educational construction was at a seasonally adjusted annual rate of $62.3 billion, 2.9 percent below the revised July estimate of $64.1 billion. 
 
Highway construction was at a seasonally adjusted annual rate of $83.3 billion, 0.6 percent below the revised July estimate of $83.8 billion.
Last Updated on Monday, 06 October 2014 05:14