July 2009 Construction at $958.0 Billion Annual Rate

 

During the first 7 months of this year, construction spending amounted to $543.8 billion, 11.4 percent below the $613.5 billion for the same period in 2008. Courtesy of Dublin Air Authority

Construction spending during July 2009 was estimated at a seasonally adjusted annual rate of $958.0 billion, 0.2 percent below the revised June estimate of $959.5 billion. The July figure is 10.5 percent below the July 2008 estimate of $1,070.2 billion. The construction industry is holding steady but still has a way to recover in order to reach last year's levels.

Courtesy of Economics & Statistics Administration