Public and Private Construction Spending Essentially Unchanged

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Posted To: MND NewsWire

Spending on construction was almost flat in April. The Census Bureau said total expenditures of both public and private money was essentially unchanged from the seasonally adjusted estimate in March of $1.30 trillion. The March number was revised from $1.28 trillion. The April spending number was 1.2 percent lower than the annual rate in April 2018. On an unadjusted 43, total spending was $106.72 billion compared to $99.92 billion in March and $107.21 one year earlier. For the year-to-date (YTD) the aggregate amount spent on all construction was $386.11 billion, a slight 0.2 percent lower than the total for the first four months of 2018, $385.47 billion. Privately funded construction consumed spending at a seasonally adjusted annual rate of $953.98 billion, down 1.7 percent from March and 6…(read more)

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