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September construction spending ring rose by 0.2%

Release Date:2012-05-05  Hits:228
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expenditure in public buildings, the month the U.S. government for expenditure on public works projects such as roads, schools, Central, declined 0.6% to $ 285.4 billion. The first nine months of this year, not an annual rate of U.S. construction spending amounted to $ 580.9 billion world pie network information , down 3.5 percent over the same period in 2010.


month, the U.S. private construction spending at a seasonally adjusted annual rate of about $ 501.8 billion, increased by 0.6% from the August revised data. Among them, the ring of residential construction spending rose 0.9 percent to $ 228.3 billion; reflect the level of business sentiment of non-residential construction spending increased 0.3% to $ 273.5 billion.


data show that U.S. construction spending in September to a seasonally adjusted annual rate of about $ 787.2 billion, higher than August's revised $ 786 billion, only half of the market's level of health economists believe, than the same period last year of 7 973 million U.S. dollars decreased by 1.3%.


Since the real estate bubble burst in 2006, the U.S. construction industry has been in a severe adjustment has not yet been out of the woods. Some economists expect the U.S. construction activity returned to normal levels needed several years.

U.S. Commerce Department data released on the 1st, U.S. construction spending in September this year, the chain than the micro by 0.2 percent, still in the weak level, the U.S World Steel Pipe News . construction industry is still in a difficult adjustment process.


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