Construction Outlays Surge to Record

Ferris, Craig T.
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p2
Trade Publication
This article argues that spending on construction projects surged in December 2004 to a record high as both private and public construction also increased to all-time high levels. Commerce Department figures released yesterday show. Economists interviewed by IFR BondData America predicted construction spending would increase by 0.5% in November 2004. Spending on total private construction increased 0.9% to $789.0 billion in December. The figure followed a revised 0.2% decline to $782.3 billion the previous month, originally reported as $777.1 billion.


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