Construction spending rose 0.1 percent in February
Construction spending during February 2018 was estimated at a seasonally adjusted annual rate of $1,273.1 billion, 0.1 percent above the revised January estimate of $1,272.2 billion.
The February figure is 3.0 percent above the February 2017 estimate of $1,235.7 billion. During the first two months of this year, construction spending amounted to $176.3 billion, 4.4 percent above the $168.9 billion for the same period in 2017.
Spending on private construction was at a seasonally adjusted annual rate of $982.0 billion, 0.7 percent above January. Residential construction was up 0.1 percent, while nonresidential construction increased 1.5 percent .
In February, the estimated seasonally adjusted annual rate of public construction spending was $291.1 billion, 2.1 percent below January. Educational construction fell 0.5 percent, while highway construction was 0.2 percent below January.
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.
