Construction spending dips 0.6 percent in June to $884 billion

EQW Staff

August 2, 2013

ConstructionSilhouettesConstruction spending fell 0.6 percent in June to a seasonally-adjusted rate of $884 billion, according to our sister site, Equipment World.

The decline follows two consecutive months of increases. Spending in June was 3.3 percent higher than it was a year ago.

Government construction spending fell 1.1 percent to $261 billion. Public residential spending decreased 2 percent to $6 billion, and public nonresidential declined 1.1 percent to $225 billion.

Total residential construction spending slipped 0.1 percent to $338 billion, while total nonresidential spending fell 1 percent to $545.7 billion.

Total private construction spending decreased 0.4 percent to $623 billion. Private residential construction held steady, but private nonresidential fell 0.9 percent.

There are no comments

Join the conversation

Your email address will not be published. Required fields are marked *