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Private and Public Construction Spending Increased

Construction spending in ticked up in January to a seasonally adjusted annual rate of $1.280 trillion according to data released by the Census Bureau on Wednesday.  The rate was 1.3 percent higher than the December estimate of $1.263 million and 0.3 percent higher than the pace in January 2018. On a non-adjusted basis, the amount spent by both private and public entities was $88.086 billion compared to $95.191 billion in December and $88.504 billion the prior January, an annual decline of 0.5 percent.

 

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