Construction spending unchanged in September after strong gain in prior month

Construction spending unchanged in September after strong gain in prior month

By

Senior economics reporter

Outlays for U.S. construction projects was flat in September at a seasonally adjusted annual rate of $1.33 trillion, the Commerce Department reported Thursday. Economists polled by MarketWatch had expected growth of 0.2%. Spending in August was revised up to a 0.8% gain from the prior estimate of a 0.1% increase. This was the strongest gain since April. Private outlays rose 0.3% in September but there was a large 0.9% decline in public construction projects.

Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.

Related posts