The 2020 Mid-Year Economic Update_long

Nonresidential Drives Construction Spending Increase in April

Construction spending was up 0.4 percent over March and 4.3 percent over April 2012.

Construction spending in April 2013 was estimated at a seasonally adjusted annual rate of $860.8 billion, 0.4 percent above the revised March estimate, according to the U.S. Census Bureau of the Department of Commerce.

April was 4.3 percent above April 2012.

During the first four months of the year, construction spending was $250.7 billion, 4.5 percent above the same period a year ago.

Spending on private construction was at a seasonally adjusted annual rate of $602 billion, 1 percent above the revised March estimate. Residential construction was at a seasonally adjusted annual rate of $301.9 billion in April, 0.1 percent below the revised March estimate.

Nonresidential construction was at a seasonally adjusted annual rate of $300.1 billion in April, 2.2 percent above March.

In April, the estimated seasonally adjusted annual rate of public construction spending was $258.8 billion, 1.2 percent below March. Educational construction was at a seasonally adjusted annual rate of $58.7 billion, 4.4 percent below March. Highway construction was at a seasonally adjusted annual rate of $76.7 billion, 0.5 percent above March.

Get more details by downloading the pdf below.

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.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.