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Construction spending rises 0.6 percent in August to $915 billion

Posted By Amanda Bayhi On October 23, 2013 @ 11:55 am In Aggbeat Online,News | No Comments

shutterstock_984469521 [1]U.S. construction spending rose 0.6 percent in August to its highest mark since April 2009, according to a report from our sister site, Equipment World [2].

The figures come from preliminary data from the Commerce Department, which show that total construction spending reached $915 billion in August — a 7.1-percent gain over August 2012.

The report was scheduled to be released at the beginning of October, but the 16-day federal government shutdown delayed all reports [3] until the government reopened last Wednesday [4].

Public construction spending saw its fourth consecutive month of gains, rising 0.4 percent to $274.5 billion. Private construction rose 0.7 percent to $640.5 billion — its highest mark since January 2009.

Residential spending increased 1.3 percent to $346.4 billion, while nonresidential increased 0.2 percent to $568.5 billion.

Private residential construction spending was up 1.2 percent to $340.2 billion, and private nonresidential rose 0.1 percent to $300.2 billion.

Public residential construction spending rose 4.3 percent to $6.2 billion, while public nonresidential spending rose 0.3 percent to $268.2 billion.

View July 2013 figures here [5].

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URL to article: http://www.aggman.com/construction-spending-rises-0-6-percent-in-august-to-915-billion/

URLs in this post:

[1] Image: http://www.aggman.com/files/2013/10/shutterstock_984469521.jpg

[2] according to a report from our sister site, Equipment World: http://www.equipmentworld.com/construction-spending-up-0-6-august-to-4-12-year-high/

[3] 16-day federal government shutdown delayed all reports: http://www.aggman.com/construction-reports-suspended-due-to-government-shutdown/

[4] the government reopened last Wednesday: http://www.aggman.com/federal-reports-begin-again-as-government-reopens/

[5] View July 2013 figures here: http://www.aggman.com/construction-spending-rises-0-6-percent-in-july-to-900-8-billion/

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