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Posted: Mon 19:18, 28 Oct 2013 Post subject: WASHINGTON |
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Spending in December 0.9 percent above November, Census Bureau said
WASHINGTON,[url=http://www.govtvault.com/]gucci belt men[/url], Feb. 1 () -- Construction spending rose in December to a seasonally adjusted annual rate of $885 billion,[url=http://www.myeduhelp.com/]christian louboutin discount[/url], the U.S. Census Bureau reported Friday.Total construction spending in November was revised to $876.9 billion, the bureau said. That put the month-to-month increase at 0.9 percent.Spending in December was 7.8 percent above spending in December 2011, when $820.6 billion was spent on construction projects on a seasonally adjusted annual basis.For the last month of the year, spending on private construction was at a seasonally adjusted annual rate of $614.9 billion, 2 percent above the revised estimate for November of $602.9 billion,[url=http://www.myeduhelp.com/]christian louboutin men[/url], the Census Bureau said.The figure for private-sector projects includes $308.2 billion spent on residential projects and $306.7 billion spent on non-residential projects.The estimated seasonally adjusted annual rate of public construction spending in December was $270.1 billion,[url=http://www.govtvault.com/]gucci outelt store[/url], 1.4 percent below the revised November estimate of $274.1 billion, the Census Bureau said.Educational construction was at a seasonally adjusted annual rate of $65.5 billion, while highway construction was at a seasonally adjusted annual rate of $78.5 billion.
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