TABLE-U.S. Dec construction spending fell 1.2 pct

Feb 1 (BestGrowthStock) – U.S. Commerce Department seasonally adjusted annual rates of construction spending, with comparisons:
PERCENT CHANGE: Dec Nov Dec09/08
Total Spending -1.2 -1.2 -9.9
Private Spending -1.2 -1.1 -14.9

Residential -2.8 -1.4 -10.9

Lodging -7.6 -7.5 -46.3

Office 2.1 -5.3 -35.2

Commercial 0.6 0.3 -37.4

Transportation -2.1 -1.5 -14.2

Manufacturing -5.0 -2.6 -10.6
Public Spending -1.2 -1.2 1.3

Educational -0.4 -1.1 -4.0

Highways/streets -2.3 -4.2 3.7

BILLIONS OF U.S. DOLLARS:

Dec Nov Dec08
Total Spending 902.5 913.2 1002.1
Private Spending 593.0 599.9 696.6

Residential 260.4 268.1 292.3

Lodging 17.1 18.5 31.8

Office 33.4 32.7 51.6

Commercial 44.4 44.1 71.0

Transportation 8.5 8.7 10.0

Manufacturing 62.7 66.0 70.2
Public Spending 309.6 313.3 305.6

Educational 80.3 80.6 83.6

Highways/streets 83.7 85.7 80.7

PREVIOUSLY REPORTED PCT CHANGES:

Nov Oct

Total Spending -0.6 -0.5

Private Spending -0.7 -0.8

Public Spending -0.4 unch

FORECAST:

Reuters survey of Wall Street economists forecast:

U.S. Dec construction spending -0.5 pct

Investment Research

TABLE-U.S. Dec construction spending fell 1.2 pct