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Private nonresidential construction spending edges up
CONSTRUCTION SPENDING
Anirban Basu
Published: April 6, 2009
Construction spending in the private nonresidential sector rose 0.3 percent in February, according to the April 1 report by the U.S. Census Bureau. On a year-over-year basis, private nonresidential construction spending is down slightly at 0.2 percent. However, total nonresidential construction spending increased 0.5 percent on the month to $684.9 million from the revised January figure of $681.5 million. All in all, total nonresidential construction spending is up 1.3 percent from February 2008.

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