Construction spending dips in November
January 2, 2013
Construction spending during November was estimated at a seasonally adjusted annual rate of $866.0 billion — 0.3% below the October estimate but 7.7% above November 2011, according to preliminary figures from the U.S. Census Bureau. During the first 11 months of 2011, construction spending was 9.2% higher than the same 2011 period.
Spending on private construction was at a seasonally adjusted annual rate of $589.8 billion — 0.2% below the revised October estimate. Residential construction spending was up 0.4%, but nonresidential construction spending dropped 0.7%. The estimated seasonally adjusted annual rate of public construction spending was $276.2 billion — down 0.4% from the revised October estimate. Educational construction was basically unchanged from October while highway construction was up 0.5%.
Click the link below to print a print-friendly page of the this analysis.Print Page
Use our chart creator to generate charts using the data that was used in this analysis.TruckGauge Chart Creator
This functionality is only available to Premium Members. Please upgrade your account to gain access to the data used in this analysis.Upgrade to a Premium Member