U.S. Construction Spending Increased 0.1 percent in June

Overall construction spending in the U.S. increased in June. The 0.1 percent increase in outlays followed a revised 1 percent from -0.2% drop in May, figures from the Commerce Department showed today in Washington.

From the Census Bureau: June 2010 Construction at $836.0 Billion Annual Rate

“The U.S. Census Bureau of the Department of Commerce announced today that construction spending during June 2010 was estimated at a seasonally adjusted annual rate of $836.0 billion, 0.1 percent (±1.6%)* above the revised May estimate of $834.8 billion.

Spending on private construction was at a seasonally adjusted annual rate of $527.6 billion, 0.6 percent (±1.3%)* below the revised May estimate of $530.9 billion. Residential construction was at a seasonally adjusted annual rate of $258.3 billion in June, 0.8 percent (±1.3%)* below the revised May estimate of $260.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $269.3 billion in June, 0.5 percent (±1.3%)* below the revised May estimate of $270.6 billion.

In June, the estimated seasonally adjusted annual rate of public construction spending was $308.4 billion, 1.5 percent (±2.2%)* above the revised May estimate of $303.9 billion. Educational construction was at a seasonally adjusted annual rate of $71.0 billion, 3.2 percent (±3.4%)* below the revised May estimate of $73.4 billion. Highway construction was at a seasonally adjusted annual rate of $83.2 billion, 0.1 percent (±6.7%)* above the revised May estimate of $83.2 billion.”

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