Construction spending dropped during June 2013 – estimated at a seasonally adjusted rate of $883.9 billion, 0.6 percent below last month’s estimate of $889.4 billion, according to the U.S. Census Bureau of the Department of Commerce.
Spending in June was well above the June 2012 estimate of $855.8 billion. Construction spending over the first 6 months of 2013 ($408.5 billion) is up 5.1 percent overall above the same period in 2012.
The biggest losses in construction spending were in the public sector; spending by local, state and the federal government decreased 1.1% from May to June. Spending in the private sector was nearly the same within those two months.
For more information on construction spending data and statistics please visit the U.S. Census Bureau. July 2013 data will be available September 3.
