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First Sign of Shutdowns Show-Up in April Construction Spending

Mon, June 01, 2020 12:29 PM | Anonymous member (Administrator)

Construction spending during April 2020 was estimated at a seasonally adjusted annual rate of $1,346.2 billion, 2.9 percent below the revised March estimate of $1,386.6 billion.  However, the April figure is 3.0 percent above the April 2019 estimate of $1,307.1 billion. Most of the decreases were centered in the residential private sector market with some additional fall-off in public sector spending. During the first four months of this year, construction spending amounted to $412.5 billion, a healthy 7.1 percent above the $385.2 billion for the same period in 2019.

PRIVATE CONSTRUCTION
:
Private Construction Spending on private construction was at a seasonally adjusted annual rate of $1,004.1 billion, 3.0 percent below the revised March estimate of $1,035.6 billion. Residential construction was at a seasonally adjusted annual rate of $536.8 billion in April, 4.5 percent below the revised March estimate of $561.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $467.3 billion in April, 1.3 percent below the revised March estimate of $473.6 billion.

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