US construction spending rises 4.3 percent annually in April

Tuesday, 04 June 2013 01:21:39 (GMT+3)   |   San Diego
       

The US Census Bureau of the Department of Commerce announced Monday that construction spending during April 2013 was estimated at a seasonally adjusted annual rate of $860.8 billion, 0.4 percent (±1.6 percent) above the revised March estimate of $857.7 billion. The April figure is 4.3 percent (±2.0 percent) above the April 2012 estimate of $825.1 billion.

During the first 4 months of this year, construction spending amounted to $250.7 billion, 4.5 percent (±1.5 percent) above the $239.8 billion for the same period in 2012.

Spending on private construction was at a seasonally adjusted annual rate of $602.0 billion, 1.0 percent (±1.2 percent) above the revised March estimate of $595.9 billion. Residential construction was at a seasonally adjusted annual rate of $301.9 billion in April, 0.1 percent (±1.3 percent) below the revised March estimate of $302.2 billion. Nonresidential construction was at a seasonally adjusted annual rate of $300.1 billion in April, 2.2 percent (±1.2 percent) above the revised March estimate of $293.7 billion.

As for public construction, the estimated seasonally adjusted annual rate of public construction spending in April was $258.8 billion, 1.2 percent (±2.8 percent) below the revised March estimate of $261.8 billion. Educational construction was at a seasonally adjusted annual rate of $58.7 billion, 4.4 percent (±4.4 percent) below the revised March estimate of $61.4 billion. Highway construction was at a seasonally adjusted annual rate of $76.7 billion, 0.5 percent (±9.9 percent) above the revised March estimate of $76.2 billion.


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