NONRESIDENTIAL CONSTRUCTION SPENDING FALLS IN DECEMBER
“The recent acceleration in economic activity sets the stage for a much better 2014 for both the broader economy and the nonresidential construction industry." —ABC Chief Economist Anirban Basu. December represented the end of a three-month winning streak for nonresidential spending growth. According to a Feb. 3 release by the U.S. Census Bureau, nonresidential construction spending fell 1.3 percent on a monthly basis and 1.1 percent on a yearly basis in December. Spending for the month totaled $573.07 billion on a seasonally adjusted, annualized basis.
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
1211 N Franklin St
Tampa, FL 33602