07172018Tue
Last updateTue, 17 Jul 2018 6pm

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Manufacturing & The Economy

Construction Spending in February Hits 11-Year High

Construction spending during February 2017 was estimated at a seasonally adjusted annual rate of $1,192.8 billion, 0.8% above the revised January estimate of $1,183.8 billion, the Commerce Department reports. The February figure is 3.0% above the February 2016 estimate of $1,157.7 billion. During the first 2 months of this year, construction spending amounted to $163.3 billion, 3.0% above the $158.5 billion for the same period in 2016. 

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