PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


ECONOMIC PULSE:
Construction Spending Weakness Continues

Wednesday, March 3, 2010

Comment | More

Construction spending in January edged down 0.6% from the estimated December figure, to a seasonally adjusted annual rate of $884.1 billion, the Commerce Department reported.  The January estimate is 9.3% below the figure for January 2009. Construction spending has declined in the last three months, according to Commerce Department estimates.

All residential construction in January managed a gain of 1.1% from December, but was 6.0% below the level of January 2009.   All nonresidential spending declined 1.4% from December, and was 10.6% off the pace of January 2009.

Construction spending in industry segments remained sluggish in January, with slight gains from December reported for the amusement and recreation, power, and highway and street categories. Most spending declines were slight, with the sharpest drop reported for the lodging segment, at 9.8%.

Compared to January 2009, spending increases were reported for transportation (10.8%), power (14.2%), highway and street (5.6%), and conservation and development (31.1%).  A decline of 45.5% was reported for the lodging segment, and spending was also considerably lower than January 2009 for office (25%), commercial (32%), and manufacturing (28.5%).

Spending on private construction dipped 0.6% in January from December, to a seasonally adjusted annual rate of $577.3 billion, and was 14.3% off the pace of January 2009. Private residential spending edged up 1.3% from December, but was 6.4% below the level of January 2009. Private nonresidential construction spending was 2.1% below December’s estimated annual rate, and was 19.9% lower than the estimate for January 2009.

Public construction spending edged down 07% from December, to a seasonally adjusted annual rate of $306.0 billion, but was up 2.1% from January of 2009. Public residential construction was down 3.9% from December, but was up 9% from January 2009. Public nonresidential construction edged down 0.6% from December, but was 2.0% above the rate of January 2009.

   

Tagged categories: Construction; Economy

Comment Join the Conversation:

Sign in to our community to add your comments.

LS Industries
LS Blasters: Optimum Steel Cleaning Efficiency

Simplify surface prep with the precise shot control of LS Blasters. Our blast technology delivers optimum coverage and finish. 800-533-8008


CS Unitec
Peening Preparation Tools

CS Unitec’s hand-held scarifiers are an ideal alternative to small-area shot blasting for cleaning and preparing concrete & metal surfaces. info@csunitec.com


PaintSquare
SSPC 2014 Product Demos

Watch product demos by SSPC 2014 exhibitors. Check them out now!


US Minerals
US Minerals -
Black Magnum

With nationwide production and distribution capabilities, U.S. Minerals supplies a complete range of coal slag and other abrasives to meet all of your blasting needs.


Denso North America Inc.
Denso SeaShield
Marine Systems

A full range of steel, concrete and timber pile rehabilitation systems including petrolatum systems, fiberglass jackets, epoxy grouts and many other product lines.
Call 1-281-821-3355 or Visit densona.com


CHLOR*RID International Inc.
Free Webinar

Learn about soluble salts, along with a discussion on allowable levels.
More information at
www.chlor-rid.com,

800-422-3217


Termarust Technologies
Termarust (HR CSA) Chemically Stops
Active Corrosion

Pipeline Utility Aerial crossings coated since 1992. Termarust's (HR CSA) was used to overcoat lead paint and preserve cables, pipes and support towers.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com