January Construction Spending Flat with December But Down 9.3 Percent YTY

The Department of Commerce said construction spending during January 2010 was estimated at a seasonally adjusted annual rate of $884.1 billion, 0.6 percent below the revised December estimate of $889.6 billion. The January figure is 9.3 percent below the January 2009 estimate of $974.3 billion.

Private construction

Spending on private construction was at a seasonally adjusted annual rate of $577.3 billion, 0.6 percent below the revised December estimate of $580.7 billion. Re

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