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Construction Slides in February and is Down 12.8 Percent from February 2009

Construction spending during Feb. 2010 was estimated at a seasonally adjusted annual rate of $846.2 billion, 1.3 percent below the revised January estimate of $857.8 billion. The February figure is 12.8 percent below the Feb. 2009 estimate of $970.4 billion. During the first two months of this year, construction spending amounted to $116.2 billion, 14.4 percent below the $135.7 billion for the same period in 2009.

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TAGS: Economy
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