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Construction Spending Eased in January; Most Segments Higher on Annual Basis

Both publicly and privately funded construction dipped
slightly in January
from February levels the Census Bureau said today, although
both total construction and the publicly funded segment did remain above
January 2014 levels.  Construction put in
place in all categories during the month was at a seasonally adjusted annual
rate of $971.4 billion, 1.1 percent lower than the estimated $982.0 billion
spent in December.  The number was 1.8
percent higher than the January 2014 estimate of $954.6 billion.

On a non-seasonally adjusted basis spending in January was
estimated at $67.3 billion compared to 76.0 billion in December and 66.5
billion a year earlier.  This was an
annual increase of 1.2 percent.

 

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