Construction spending up for year
Construction spending during July 2017 was estimated at a seasonally adjusted annual rate of $1,211.5 billion, 0.6 percent below the revised June estimate of $1,219.2 billion.
The July figure is 1.8 percent above the July 2016 estimate of $1,189.8 billion. During the first 7 months of this year, construction spending amounted to $691.2 billion, 4.7 percent above the $659.9 billion for the same period in 2016.
Spending on private construction was at a seasonally adjusted annual rate of $945.5 billion, 0.4 percent below the revised June estimate of $949.4 billion. Residential construction was 0.8 percent above June. Nonresidential construction was 1.9 percent below June .
Public construction spending was $266.0 billion, 1.4 percent below the revised June estimate of $269.8 billion. Educational construction was 4.4 percent below June. Highway construction was 0.1 percent June.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
