Due to the government shutdown, construction spending data provided by the U.S. Census Bureau was delayed a few weeks.
Construction spending during August 2013 was estimated at a seasonally adjusted rate of $915.1 billion, 0.6 percent above July’s estimate of $909.4 billion, according to the U.S. Census Bureau of the Department of Commerce.
Spending in August was also well above the August 2012 estimate of $854.0 billion by 7.1 percent. Construction spending over the first 8 months of 2013 ($549.4 billion) is up 5.9 percent overall above the same period in 2012.
The biggest gains in construction spending were in the private sector, which saw a 0.7 percent increase over the last month’s figures. Spending by local, state and the federal government also increased by 0.4 percent from July to August.
For more information on construction spending data and statistics please visit the U.S. Census Bureau. September and October 2013 data will both be released on December 2.