Skip to main content

US construction spending falls in January

Published by
World Cement,


US month-on-month construction spending fell 1% in January as a result of a 5% fall in public construction spending, according to figures from the US Census Bureau. The drop was the first since September and the biggest fall since April.

Total construction spending was US$1.18 trillion in January, below the level seen in December and November 2016. Residential construction was up slightly at US$481.9 billion, while non-residential construction fell from US$711.7 billion in December to US$698.4 billion in January.

Private construction recorded a slight gain in January – up 0.2% to US$911.6 billion. Public construction however finished at its lowest level since March 2017 at US$268.7 billion. Spending by federal government was down 7.4%, while spending by state and local governments fell 4.8%, according to Associated Press.

Read the article online at: https://www.worldcement.com/the-americas/07032017/us-construction-spending-falls-in-january/

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

US cement news Construction news


 

World Cement is not responsible for the content of external internet sites.