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Construction Spending Jumps Up in July

Wed, September 01, 2021 12:27 PM | Anonymous member (Administrator)

Construction spending during July 2021 was estimated at a seasonally adjusted annual rate of $1,568.8 billion, 0.3 percent above the upwardly revised June estimate of $1,563.4 billion. The July figure is a substantial 9.0 percent above the pandemic affected July 2020 estimate of $1,439.6 billion. During the first seven months of this year, construction spending amounted to $883.2 billion, is a very healthy 6.2 percent above the $831.5 billion for the same period in 2020.

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