December Construction Spending Flat with November But Down 9.9 Percent YTY

Construction spending during December 2009 was at a seasonally adjusted annual rate of $902.5 billion, 1.2 percent below the revised November estimate of $913.2 billion, according to the Department of Commerce. The December figure is 9.9 percent below the December 2008 estimate of $1,002.1 billion. The value of construction in 2009 was $939.1 billion, 12.4 percent below the $1,072.1 billion spent in 2008.

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TAGS: Economy Stats
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