The 2020 Mid-Year Economic Update_long

Construction Spending Falls 7.9% from June 2009

But June estimates were up slightly from May 2010.

Construction spending in June 2010 was estimated at a seasonally adjusted annual rate of $836 billion, 0.1 percent above May and 7.9 percent below June 2009, according to the U.S. Census Bureau of the Department of Commerce.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

During the first six months of the year, construction spending was $389.6 billion, 11.2 percent below the same period in 2009.

Spending on private construction was at a seasonally adjusted annual rate of $527.6 billion, 0.6 percent below May.  Residential construction was at a seasonally adjusted annual rate of $258.3 billion in June, 0.8 percent below May. Nonresidential construction was at a seasonally adjusted annual rate of $269.3 billion in June, 0.5 percent below May.

In June, the estimated seasonally adjusted annual rate of public construction spending was $308.4 billion, 1.5 percent above May. Educational construction was at a seasonally adjusted annual rate of $71.0 billion, 3.2 percent below May. Highway construction was at a seasonally adjusted annual rate of $83.2 billion, 0.1 percent above May.

Download the pdf below for more details.

Click Here

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.