September Construction Spending Up 0.6%

Construction spending grew 0.6% to a seasonally adjusted estimated annual rate of $851.6 billion in September, the Commerce Department reported Thursday.

Spending in August was a revised $846.2 billion.

Economists polled by Thomson Reuters expected a 0.7% increase.

Year-to-date construction spending is up 8.9%.

Private construction was up 1.3% in the month, while public construction fell 0.8%

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