PaintSquare.com


The First Word in Protective & Marine Coatings

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

Equipment Suppliers: Get listed in the 2014 JPCL Equipment Buying Guide for FREE!

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.

Safety Lamp of Houston, Inc.
Wet & hazardous area lighting solutions from SAFETY LAMP of Houston

New WOLF LED and fluorescent lights are now available, including low voltage tank lighting kits.
Call: (281) 964-1019.


CS Unitec
Surface Prep Tools for Hazardous Conditions

CS Unitec's Trelawny™
line of surface prep tools
is safe and efficient for
use in marine & protective coatings applications including Ex Zones & Hot Work Zones.


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


U.S. Zinc

The proven corrosion protection properties of our zinc dust prolong the life of marine coatings. U.S. Zinc – Helping the world work™


Dampney Co., Inc.
High Temperature Paint

• Prevent Rust / Corrosion
• High Build / Hot Apply
• Custom Colors / VOC-Compliant
• Offshore/Petro Chem/ Refining/Power Industries
• Over 90 Years of Experience


CESCO
USED EQUIPMENT SPECIALS

Jet Edge water blast cabinet 1995 Model 36-100, excellent condition
Sponge Jet 240L feed unit with a recycler unit
Hotsy Trailblazer
Schmidt pot, 6 ton with 4 outlets, TVII valves, 12V line with controls, Halo safety loading feature, 4 factory welded post for jumbo sack rack
Contact us: 888-772-3726
BlastandPaint.com


Van Air Systems
The Blast Pak

Van Air Systems' portable desiccant air dryer. Get dry compressed air with this All-In-One blasting and coating solution.

 
 
 
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