Construction Spending increased slightly in September | Risk Management

0
Want create site? Find Free WordPress Themes and plugins.

From the Census Bureau reported that overall in :

Construction spending during September 2018 was estimated at a seasonally adjusted annual rate of $1,329.5 billion, nearly the same as the revised August estimate of $1,328.8 billion. The September figure is 7.2 percent above the September 2017 estimate of $1,240.4 billion.

Private spending increased and public spending decreased:


Spending on private construction was at a seasonally adjusted annual rate of $1,020.4 billion, 0.3 percent above the revised August estimate of $1,016.9 billion. …

In September, the estimated seasonally adjusted annual rate of public construction spending was $309.1 billion, 0.9 percent below the revised August estimate of $312.0 billion.
emphasis added

Construction Spending Click on graph for larger image.

This graph shows private residential and nonresidential construction spending, and public spending, since 1993. Note: nominal dollars, not inflation adjusted.

Private residential spending had been increasing – although has declined slightly recently – and is still 18% below the bubble peak.

Non-residential spending is 12% above the previous peak in January 2008 (nominal dollars).

Public construction spending is now 5% below the peak in March 2009, and 18% above the austerity low in February 2014.

Year-over-year Construction SpendingThe second graph shows the year-over-year change in construction spending.

On a year-over-year basis, private residential construction spending is up 5%. Non-residential spending is up 7% year-over-year. Public spending is up 11% year-over-year.

This was below consensus expectations, however spending for July and August were revised up.

Did you find apk for android? You can find new Free Android Games and apps.

You might also like More from author

Leave A Reply

Your email address will not be published.