Construction spending inches upward in April

Public safety, power, and water/sewage construction were among the bright spots in April.

June 03, 2013

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during April 2013 was estimated at a seasonally adjusted annual rate of $860.8 billion, 0.4 percent above the revised March estimate of $857.7 billion. The April figure is 4.3 percent above the April 2012 estimate of $825.1 billion.

During the first four months of this year, construction spending amounted to $250.7 billion, 4.5 percent above the $239.8 billion for the same period in 2012.

Private construction

Spending on private construction was at a seasonally adjusted annual rate of $602.0 billion, 1.0 percent above the revised March estimate of $595.9 billion. Residential construction was at a seasonally adjusted annual rate of $301.9 billion in April, 0.1 percent below the revised March estimate of $302.2 billion. Nonresidential construction was at a seasonally adjusted annual rate of $300.1 billion in April, 2.2 percent above the revised March estimate of $293.7 billion.

Public construction

In April, the estimated seasonally adjusted annual rate of public construction spending was $258.8 billion, 1.2 percent below the revised March estimate of $261.8 billion. Educational construction was at a seasonally adjusted annual rate of $58.7 billion, 4.4 percent below the revised March estimate of $61.4 billion. Highway construction was at a seasonally adjusted annual rate of $76.7 billion, 0.5 percent above the revised March estimate of $76.2 billion.

Here's a sector breakdown by seasonally adjusted annual rate (CLICK TABLE TO ENLARGE):

         
 

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