Monday, June 3, 2013

Construction Spending Increased 0.4% in April

Construction spending grew 0.4% in April and is 4.3% above year ago levels. Construction spending in April partially reversed the previous month’s decline, and continues the volatile trends seen in the past 6 months.

Private construction saw gains in April, driven solely by non-residential construction, which increased 2.2% from the previous month and reversed the previous month’s drop. Residential construction declined 0.1%, after posting positive gains the previous two months.

Public spending fell 1.2%. While some components of public spending increased, all are down from year ago levels.

Read the Census report.

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