Home > News > Industry News > October 2011 Construction at $798.5 Billion Annual Rate

October 2011 Construction at $798.5 Billion Annual Rate

Post Time:Dec 02,2011Classify:Industry NewsView:272

 

Officials at the U.S. Census Bureau of the Department of Commerce announced December 1 that construction spending during October 2011 was estimated at a seasonally adjusted annual rate of $798.5 billion, 0.8 percent (±1.6 percent) above the revised September estimate of $792.1 billion. The October figure is 0.4 percent (±1.9 percent) below the October 2010 estimate of $802.0 billion.

 

During the first 10 months of this year, construction spending amounted to $655.5 billion, 2.9 percent (±1.1 percent) below the $675.4 billion for the same period in 2010.

 

Spending on private construction was at a seasonally adjusted annual rate of $518.6 billion, 2.3 percent (±1.1 percent) above the revised September estimate of $507.1 billion. Residential construction was at a seasonally adjusted annual rate of $239.0 billion in October, 3.4 percent (±1.3 percent) above the revised September estimate of $231.2 billion. Nonresidential construction was at a seasonally adjusted annual rate of $279.6 billion in October, 1.3 percent (±1.1 percent) above the revised September estimate of $275.9 billion.

 

In October, the estimated seasonally adjusted annual rate of public construction spending was $279.9 billion, 1.8 percent (±2.4 percent) below the revised September estimate of $285.0 billion. Educational construction was at a seasonally adjusted annual rate of $72.2 billion, 1.8 percent (±4.3 percent) below the revised September estimate of $73.6 billion. Highway construction was at a seasonally adjusted annual rate of $80.1 billion, 0.4 percent (±5.6 percent) below the revised September estimate of $80.5 billion.

 

In regards to the numbers above, 90 percent confidence interval includes zero. The U.S. Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.

 

Source: http://www.usgnn.comAuthor: shangyi

Hot News

返回顶部