Posted January 3, 2011
Construction spending up in November
Construction spending was up 0.4 percent in November, the Department of Commerce announced today.
At a seasonally adjusted annual rate of $810.2 billion, the November figure is 6.0 percent below the November 2009 estimate of $861.5 billion.
During the first 11 months of this year, construction spending amounted to $753.9 billion, 10.6 percent below the $843.1 billion for the same period in 2009.
Spending on private construction was at a seasonally adjusted annual rate of $491.8 billion, 0.3 percent above the revised October estimate of $490.5 billion.
Public construction spending was $318.5 billion, 0.7 percent above the revised October estimate of $316.2 billion.
