National nonresidential construction spending expanded 0.1% in July, 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 $786.7 billion for the month.
However, spending was down on a monthly basis in six of 16 nonresidential subcategories. Spending in three categories was virtually unchanged. Private nonresidential spending was down 0.2% for the month, while public nonresidential construction spending rose 0.6% in July. Total nonresidential construction spending is down 4.2% from July 2020.