Spending on construction projects fell 0.3% to a seasonally adjusted annual rate of $1.060 trillion in September, as private construction rose 0.1% and public construction slid 1.3%, according to Commerce Department data released yesterday.

The overall decrease, which was smaller than the 0.8% decrease projected by Thomson Reuters, and followed a revised August level of $1.064 trillion, up 0.3% from July, originally reported as unchanged at $1.072 trillion.

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