Aug
01

Construction Spending Up Slightly in June 2011

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The U.S. Census Bureau of the Department of Commerce announced today that construction spending during June 2011 was estimated at a seasonally adjusted annual rate of $772.3 billion, 0.2 percent (±1.8%)* above the revised May estimate of $770.5 billion. The June figure is 4.7 percent (±1.8%) below the June 2010 estimate of $810.4 billion.

During the first 6 months of this year, construction spending amounted to $357.5 billion, 5.4 percent (±1.3%) below the $377.9 billion for the same period in 2010.

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