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Nonresidential construction spending rises

Anirban Basu
Published: July 6, 2009
Private nonresidential construction spending continued its upward trend in May, increasing 0.5 percent. This makes the fifth straight month of spending increase, according to the July 1 report by the U.S. Census Bureau. However, on year-over-year basis, private nonresidential construction is down 3.3 percent. Overall, total nonresidential construction spending – including both private and public — is up 0.1 percent from April to $716.7 billion, but down 0.4 percent from May 2008.

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