U.S. Construction Spending Increases Slightly in September to $851.6 Billion

U.S. Construction Spending Increases Slightly in September to $851.6 Billion

The U.S. Census Bureau said construction spending during Sept. 2012 was estimated at a seasonally adjusted annual rate of $851.6 billion, 0.6% above the revised August estimate of $846.2 billion. The September figure is 7.8% above the Sept. 2011 estimate of $790.3 billion. During the first nine months of this year, construction spending amounted to $624.8 billion, 8.9% above the $573.7 billion for the same period in 2011.

Private construction. Spending on private construction was at a

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