Posted August 1, 2011
June construction spending up 0.2%
June construction spending was estimated at a seasonally adjusted annual rate of $772.3 billion, 0.2 percent above the revised May estimate of $770.5 billion.
The June figure from the U.S. Census Bureau of the Department of Commerce is 4.7 percent below the June 2010 estimate of $810.4 billion. During the first six months of this year, construction spending amounted to $357.5 billion, 5.4 percent below the $377.9 billion for the same period in 2010.
Spending on private construction was at a seasonally adjusted annual rate of $493.4 billion, 0.8 percent above the revised May estimate of $489.6 billion.
Public construction spending was $278.9 billion, 0.7 percent below the revised May estimate of $280.9 billion.
