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Construction Spending Shows Small Gain in March


U.S. construction spending rebounded slightly in March, following a downwardly revised February figure, according to the latest report from the U.S. Census Bureau.
  • March spending was up 0.2% versus February. Spending fell in February by 2.1%.
  • Year-to-date spending was off 12.3% versus 2009.
  • Public spending led the March gain with a 2.3% increase. Public construction outlays declined 1.6% in February.
  • Private spending continued weak. Residential spending declined 1.1% following a 3.4% decrease in February.

Viewed within the economy as a whole, construction spending remains on a downtrend, while manufacturing is advancing.

Read the U.S. Census Bureau news release.

For complete historical construction spending data see www.census.gov.