
WASHINGTON, Aug. 3—National nonresidential construction spending rose 0.1% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.277 trillion.
Spending was up on a monthly basis in 8 of 16 nonresidential subcategories. Both public and private nonresidential spending were up 0.1% in June. Private nonresidential construction spending was down nearly 5% from a year ago.
Reprinted courtesy of Erika Walter, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.