U.S. construction spending fell 1.9% in September, driven by a 5.5% drop in private residential spending, InvestingLive reports from Census Bureau data. Private nonresidential spending rose 1.1%, providing a partial offset. August’s gain was revised to 2.0% from +0.9%. The figures measure dollar spending at seasonally adjusted annual rates, so the decline does not isolate changes in building activity from prices.
Related currencies / asset groups: USD
InvestingLive reports U.S. construction spending fell 1.9% in September to a seasonally adjusted annual rate of $2,186.1 billion.
InvestingLive / ForexLivePrivate residential spending fell 5.5%, outweighing a 1.1% rise in private nonresidential spending.
InvestingLive / ForexLiveAugust’s monthly gain was revised to 2.0% from +0.9%.
InvestingLive / ForexLiveThe figures measure dollar spending at seasonally adjusted annual rates, are subject to revision and do not separate activity from price changes.
InvestingLive / ForexLiveLimitation: Dollar spending does not separate changes in construction activity from changes in prices.
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