In the U.S. Department of
Commerce’s press release detailing construction spending, it appears
construction is slowly creeping upwards after a precipitous drop off following
the recession. The May 2012
estimate of annual construction spending pegged the seasonally adjusted rate at
$830.0 billion, up 0.9% from April’s estimate. At its peak in early 2006, the rate topped off at just over
$1.2 trillion, and today’s level is similar to that of a decade ago. Additionally, the total construction
spending of $310.4 billion during the first 5 months of the year is 9.4%
greater than the $283.8 billion spent for the same period in 2011. With that said, there exists a
discrepancy between private and public spending on construction. Private construction spending is up
13.1% from 2011, while spending in the public sector has fallen 3.9%.
With that said, there exists a discrepancy between private and public spending on construction. Private construction spending is up 13.1% from 2011, while spending in the public sector has fallen plumbing covina
ReplyDeleteConstruction industries has raised from the past few years and also it will goes raising further without any doubt as per the Market Studies.
ReplyDeleteThis news will put a lot of smile in all of our construction workers in the US. This is a blessing in disguise for them. I hope this will continue until the very end so that they will have earnings for their family especially we have an economic crisis. Thanks for sharing! bobcat colombia
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ReplyDeleteBuilding products
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