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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

March 01, 2018
US CONSTRUCTION SPENDING, JANUARY 2018

In January, US construction spending remained steady at a level of $1,262.8 billion. This is compared to the (revised) gain of 0.8 per cent reported for December. Year-over-year, spending is 3.2 per cent above January 2017.

Gains in US construction spending in January have been largely in the public sector, up 1.8 per cent over the previous month to $300.5 billion. Public sector construction is up 8.2 per cent year-over-year. Private construction was $962.7 billion in January, down 0.5 per cent compared to December and up 1.7% over January 2017. 

US residential construction is up 0.2% month-to-month to $529.9 billion, and is up 4.3% over January 2017. Non-residential construction spending was down 0.1 per cent month-to-month to $732.9 billion, which is up 2.4 per cent year-over-year. 

Source: US Census Bureau



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