MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Construction Spending Declines in January

Construction spending during January 2011 was estimated at a seasonally adjusted annual rate of $791.8 billion, 0.7 percent below the revised December estimate of $797.6 billion, according to the U.S. Census Bureau of the Department of Commerce. The January figure is 5.9 percent below the January 2010 estimate of $841.0 billion.

Spending on private construction was at a seasonally adjusted annual rate of $490.0 billion, 1.2 percent below the revised December estimate of $495.9 billion. Residential construction was at a seasonally adjusted annual rate of $245.6 billion in January, 5.3 percent above the revised December estimate of $233.2 billion. Nonresidential construction was at a seasonally adjusted annual rate of $244.4 billion in January, 6.9 percent below the revised December estimate of $262.7 billion.

In January, the estimated seasonally adjusted annual rate of public construction spending was $301.8 billion, 0.1 percent above the revised December estimate of $301.6 billion. Educational construction was at a seasonally adjusted annual rate of $70.2 billion, 1.7 percent above the revised December estimate of $69.0 billion. Highway construction was at a seasonally adjusted annual rate of $85.4 billion, 0.7 percent below the revised December estimate of $86.1 billion.

"These discouraging figures show that millions of construction workers and their firms are still suffering from the economic downturn, despite a year and a half of growth in the overall economy," said Ken Simonson, chief economist for the Associated General Contractors of America. "Other than an uptick in the construction of truck terminals and railroad facilities, private sector demand for construction remains extremely low."

For more details, download the pdf below.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center