Don't Drink the Tea. Think With the WE.
Jul
2011
2

“The good news is that public spending on power construction increased by 13.1%. Private spending on commercial and healthcare construction also increased by 22.9% and 15.1% respectively.”

The U.S Census Bureau announced that construction spending across the nation fell last month, and has been lower than last year for all of 2011.

The U.S. Census Bureau of the Department of Commerce’s numbers suggest that construction spending during May 2011 was estimated at a seasonally adjusted annual rate of $753.5 billion, 0.6 percent (±1.6%)* below the revised April estimate of $757.9 billion. The May figure is 7.1 percent (±1.8%) below the May 2010 estimate of $811.2 billion.

During the first five months of this year, construction spending amounted to $285.1 billion, 6.3 percent (±1.4%) below the $304.4 billion for the same period in 2010.

Both public and private construction fell in May. In public spending, education construction fell by 2.3% and highway construction fell by 1.5%. In private spending, lodging construction fell by 34.3% and manufacturing construction fell by 26.8%.

The good news is that public spending on power construction increased by 13.1%. Private spending on commercial and healthcare construction also increased by 22.9% and 15.1% respectively.

The annual value of construction put in place is currently 33% below that in 2006.

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