Construction Spending Increased in October, Down 2.0% YoY

From the Census Bureau reported that overall construction spending increased slightly in August: Construction spending during September 2019 was estimated at a seasonally adjusted annual rate of $1,293.6 billion, 0.5 percent above the revised August estimate of $1,287.1 billion. The September figure is 2.0 percent below the September 2018 estimate of $1,319.7 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $961.7 billion, 0.2 percent above the revised August estimate of $959.9 billion. ... In......(read more)

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