Latest News
Industry News / Industry Statistics

April 4, 2019

Construction Spending Climbs for Third Consecutive Month in February

U.S construction spending rose 1 percent in February to $1,320.3 billion, the third consecutive monthly increase and the highest level in nine months. On a year-to-year basis, construction spending increased 1.1 percent.

The Commerce Department revised its January construction spending report, from the previously reported 1.3 percent increase to a 2.5 percent jump.

Spending on private construction projects was at a seasonally adjusted annual rate of $994.5 billion, up 0.2 percent in February

Public construction spending climbed 3.6 percent to $325.8 billion. Spending on federal government construction projects rose 0.9 percent to its highest level since October 2017. State and local government construction projects increased 3.8 percent.

Spending on private nonresidential structures fell 0.5 percent in February.


All comments to blog posts will be moderated by ACEC staff.

Comments

Post a Comment
Leave this field empty

'Subscribe' enables commenters to sign up for e-mail notification of subsequent entries

HDR Logo
nttamarketplace Logo
Lenovo Logo
UCI
Connect with us
Instagram Image
Facebook Image
twitter Image


To view back issues of the Last Word newsletter, click here.