June Construction Keeps Pace with May but Still Running -10.2% Year-to-Year

The U.S. Census Bureau and the Department of Commerce announced that construction spending during June 2009 was estimated at a seasonally adjusted annual rate of $965.7 billion, 0.3 percent above the revised May estimate of $963.2 billion. The June figure is 10.2 percent below the June 2008 estimate of $1,075.6 billion. During the first 6 months of this year, construction spending amounted to $455.6 billion, 11.4 percent below the $514.4 billion for the same period in 2008.

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