Construction spending continues to rise in the US
According to the US Census Bureau, construction spending increased by 1% m/m (seasonally adjusted) to an estimated US$934.4 billion in November 2013. The revised spending figure for October 2013 was announced as US$925.1 billion. Spending in November 2013 indicates a 5.9% improvement on November 2012’s US$882.7 billion estimated construction spending. Private construction spending was up 2.2% m/m, while residential and non-residential construction spending increased by 1.9% m/m and 2.7% m/m, respectively. However, public construction spending fell by 1.8% m/m from US$280.2 billion to US$275 billion. Although spending on educational construction was 1.1% higher than October 2013’s estimate, highway construction spending fell by 0.4% m/m. In January – November 2013, construction spending rose by 5% to US$828.4 billion from an estimated US$788.8 billion in the corresponding period in 2012.
Edited from various sources by Louise Fordham
Read the article online at: https://www.worldcement.com/the-americas/06012014/us_construction_spending_increases_559/
You might also like
Materials Research Exchange: Conference Preview
More than 1500 materials innovators and investors, researchers, academics, as well as representatives from industry and government, will come together for Innovate UK’s Materials Research Exchange, next week (23 – 24 April 2024).