December 1, 2017

October Construction Spending: Up 1.4 Pct. From September; YTD Total Is 4.1 Percent Higher Than 2016

Filed under: Economy,Taxes & Government — Tom @ 10:31 am

From the Census Bureau:

Construction spending during October 2017 was estimated at a seasonally adjusted annual rate of $1,241.5 billion, 1.4 percent (±1.5 percent)* above the revised September estimate of $1,224.6 billion. The October figure is 2.9 percent (±1.6 percent) above the October 2016 estimate of $1,206.6 billion. During the first 10 months of this year, construction spending amounted to $1,029.6 billion, 4.1 percent (±1.2 percent) above the $988.8 billion for the same period in 2016.

4.1 percent is a decent cumulative year-over-year advance. October’s figure may be the beginning of a breakout from the relative doldrums of the past several months.

Share

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.