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
Surface Prep & Material Removal

CS Unitec’s Floor Planers remove coatings & corrosion from concrete & metal surfaces. Produce keyed profiles for waterproofing applications. info@csunitec.com


DeHumidification Technologies
HUMIDITY PROBLEMS?

DH Tech has the most innovative and reliable equipment available to
control humidity efficiently
and effectively.
IT'S UNDER CONTROL!


EDCO - Equipment Development Co. Inc.
American Manufacturing

Is coming back, is more competitive, and is higher
in quality. Well EDCO never left, we never lost our competitiveness, and we
have always maintained
our high level of quality.
Call 800-638-3326 or visit
us @ edcoinc.com


DRYCO
Climate Control...delivered.

Temporary climate control equipment. Dehumidifiers,
Heaters, A/C, Power, More…
Toll Free: 866-379-2600


SAFE Systems, Inc.
Enduroguard -
The Tough Cable
for a Tough Industry.

Reduce maintenance costs and down time, increase job site safety with Enduroguard Cable. Available exclusively from SAFE Systems. UL listed, flexible, abrasion resistant and cut resistant.


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

 
 
 
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