BUSINESS MEMO: CONSTRUCTION ACTIVITY DECREASES DURING JUNE

June construction activity in Missouri was down 22 percent from June 1995, but construction for the year is up 1 percent.

June construction was reported at $486,427,000, compared to the $623,868,000 during the same month a year ago, according to the F.W. Dodge Division of McGraw-Hill, an authority on the construction market. For the year, construction was $3.09 billion, up from the $3.05 billion through the first six months of 1995.

Nonresidential construction during June, which includes commercial, manufacturing and other buildings not designed for shelter, was reported at $199,660,000, down 34 percent from the $301,118,000 figures of June 1995. During the first six months, $1.1 billion has been spent on nonresidential construction, down 18 percent from the $1.3 billion of 1995.

Residential construction for the month was $223,045,000, down 10 percent from the $246,984,000 in June 1995. Residential construction, however, is up for the first six months to $1.4 billion, 22 percent more than the $1.1 billion through June 1995.

Nonbuilding construction, which includes streets, highways, bridges, river and harbor developments, airports and a few other projects, was also down, at $63,722,000, compared to the $75,766,000 during the same month a year ago. Nonbuilding construction through June is reported at $595,424,000, up 7 percent from the first six months of 1995.