Construction spending during May 2013 was estimated at a seasonally adjusted rate of $874.9 billion, 0.5 percent above the April estimate of $870.3 billion, according to the U.S. Census Bureau of the Department of Commerce.
Spending was also up 5.4 percent above May 2012; construction spending over the first 5 months of 2013 ($326.2 billion) is up 6.2 percent overall above the same period in 2012.
The biggest gains in construction spending were in the public sector; spending by local, state and the federal government increased 1.8% from April to May. 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. June 2013 data will be available August 1.
