Construction Spending up Slightly in September

The U.S. Census Bureau of the Department of Commerce announced today that construction spending during September 2011 was estimated at a seasonally adjusted annual rate of $787.2 billion, 0.2 percent above the revised August estimate of $786.0 billion. The September figure is 1.3 percent below the September 2010 estimate of $797.3 billion. During the first 9 months of this year, construction spending amounted to $580.9 billion, 3.5 percent below the $602.0 billion for the same period in 2010.

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