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Construction spending up slightly in March

Post Time:May 04,2012Classify:Industry NewsView:118

The U.S. Census Bureau of the Department of Commerce announced, May 1, that construction spending during March 2012 was up 6 percent compared to March 2011, totalling $808.1 billion. That figure is up slightly from February 2012's $807.3 billion.

During the first three months of this year, construction spending amounted to $171.2 billion, 6.7 percent above the same period in 2011, according to a release.

Compared to February 2012, the March 2012 spending breakdown is as follows:

Private construction: up 0.7 percent

Residential construction: up 0.7 percent

Nonresidential construction: up 0.7 percent

Public construction: down 1.1 percent

Educational construction: down 1.2 percent

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Source: http://www.glassmagazine.com/news-item/commercial/construction-spending-slightly-march-129590Author:

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