US construction spending up 0.5% in October | Metals Mine

  • US construction spending up 0.5% in October

    From breakingthenews.net

    Construction spending in the United States recorded $2.18 trillion in October, up by 0.5% compared to the September figure of $2.16 trillion, the US Census Bureau revealed in a report on Wednesday. Reports for both months were released simultaneously after being delayed due to the government shutdown. On an annual basis, the October figure declined 1%. Spending on private construction reached $1.65 trillion, 0.6% above the previous month's reading. Residential construction increased by 1.3% to $913.9 billion in October, up from the September estimate of $902.3 billion. Meanwhile, nonresidential construction reached ... (full story)

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