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October 1, 2019

Construction Spending Holds the Line in August

Construction Spending Holds the Line in August

Total construction spending was essentially flat in August, with the seasonally adjusted annual rate of $1,287.3 billion coming in 0.1 percent above the revised July estimate of $1,285.6 billion.

During the first eight months of this year, construction spending totaled $851.3 billion, down 2.3 percent from the same period in 2018.

Spending on private construction was at a seasonally adjusted annual rate of $955.0 billion, barely a blip above the revised July estimate of $954.8 billion.

Public construction in August was at a seasonally adjusted annual rate of $332.3 billion, 0.4 percent above the revised July estimate of $330.8 billion.

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