Construction spending falls in January
The U.S. Census Bureau said today that construction spending fell 0.7 percent in January compared to December, to a seasonally adjusted annual rate of $791.8 billion.
The January figure is 5.9 percent below the January 2010 estimate of $841.0 billion.
Spending on private construction was at a seasonally adjusted annual rate of $490.0 billion, 1.2 percent below the revised December estimate of $495.9 billion.
In January, the estimated seasonally adjusted annual rate of public construction spending was $301.8 billion, 0.1 percent above the revised December estimate of $301.6 billion.
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.
