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October Construction Up Slightly Over September But Down 9.3 Percent YTY

The Department of Commerce said construction spending during October 2010 was estimated at a seasonally adjusted annual rate of $802.3 billion, 0.7 percent above the revised September estimate of $797.1 billion. The October figure is 9.3 percent below the October 2009 estimate of $884.7 billion. During the first 10 months of this year, construction spending amounted to $684.7 billion, 11.2 percent below the $770.6 billion for the same period in 2009.

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