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Department of Commerce Reports Construction Spending


The U.S. Census Bureau of the Department of Commerce reported that construction spending during September 2011 was estimated at a seasonally adjusted annual rate of $787.2 billion, 0.2 percent above the revised August estimate of $786 billion. The September figure is 1.3 percent below the September 2010 estimate of $797.3 billion.

During the first 9 months of this year, construction spending amounted to $580.9 billion, 3.5 percent below the $602.0 billion for the same period in 2010.

In September, the estimated seasonally adjusted annual rate of public construction spending was $285.4 billion, 0.6 percent below the revised August estimate of $287 billion. Highway construction was at a seasonally adjusted annual rate of $80.3 billion, 1.4 percent above the revised August estimate of $79.2 billion. Educational construction was at a seasonally adjusted annual rate of $73.3 billion, 0.9 percent below the revised August estimate of $73.9 billion.

Spending on private construction was at a seasonally adjusted annual rate of $501.8 billion, 0.6 percent above the revised August estimate of $499 billion. Residential construction was at a seasonally adjusted annual rate of $228.3 billion in September, 0.9 percent above the revised August estimate of $226.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $273.5 billion in September, 0.3 percent above the revised August estimate of $272.8 billion.