Business

Winnipeg Free Press - ONLINE EDITION

Non-residential construction spending drops

By: Murray McNeill

Posted: 12/3/2012 9:48 AM | Comments: 0

Spending on non-residential construction projects dipped in the third quarter of this year after four consecutive months of rising investment.

Revised data released today by Statistics Canada shows there was $311.5 million spend on industrial, commercial and institutional construction projects during the third quarter. That was a decline of 1.1 per cent from the second quarter total of $315 million.

Despite the decline, spending for the first nine months of 2012 was still up a healthy 14.5 per cent from a year earlier — $924.1 million versus $806.9 million.

Nationally, spending on non-residential projects in Canada was essentially unchanged from the second to third quarters, at $12 million, and up 0.5 per cent for the first nine months — $35.9 billion versus $35.7 billion, Statistics Canada said.

murray.mcneill@freepress.mb.ca

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Business

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.