Nonres. Construction Spending Down 0.8 Percent

Credit: ABC

By Associated Builders and Contractors 

National nonresidential construction spending declined 0.8 percent in December 2020, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $790.2B for the month, 4.8 percent lower than in December 2019 but 3.8 percent higher than in December 2018. 

Spending fell on a monthly basis in nine of the 16 nonresidential subcategories. Private nonresidential spending was down 1.7 percent, while public nonresidential construction spending was up 0.5 percent in December. (Source) 

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