Amadeusz Juskowiak

Us construction spending rose 10 pct in jan

US construction spending rose 36 billion dlrs or 10 pct in January to a seasonally adjusted rate of 3785 billion dlrs the Commerce Department said

Spending in December fell a revised 35 billion dlrs or 09 pct to 3749 billion dlrs the department said

Previously it said spending fell 05 pct in December

The department said the value of all new construction in 1986 was 3769 billion dlrs or six pct more than the 3556 billion dlrs of building put in place in 1985

The department said January construction spending was 51 billion dlrs or 14 pct above the January 1986 total of 3734 billion dlrs

Residential construction spending rose in January to an annual rate of 1807 billion dlrs from 1786 billion dlrs in December

Public construction outlays rose for a third successive month to 752 billion dlrs in January from 712 billion dlrs in December and were 72 billion dlrs or 106 pct higher than the January 1986 estimate of 680 billion dlrs the department said

The department said a big increase in public spending occurred on highway construction where outlays rose in January to 238 billion dlrs from 189 billion dlrs in December

In constant dlrs January construction outlays rose 36 billion dlrs or 11 pct from December levels the department said

Reuter