electrician on construction project alexeyrumyantsev / iStock / Getty Images Plus

Value of New Construction Sees Nice Boost in May

Construction overall is up 4.5% to $1,309.5 billion.

Construction spending during May 2018 was estimated at a seasonally adjusted annual rate of $1,309.5 billion, +0.4% above the revised April estimate of $1,304.5 billion, according to the U.S. Department of Commerce. The May figure is +4.5% above the May 2017 estimate of $1,253.6 billion. During the first five months of this year, construction spending amounted to $497.1 billion, +4.3% above the $476.7 billion for the same period in 2017.

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish