Construction spending in September grew 0.5% from August to $1.293 trillion, according to the U.S. Census Bureau.
Spending is down 2.0% compared with September 2018. Residential spending ticked upward 0.6% from August, but is down 3.5% year-over-year, while nonresidential spending grew 0.5% from August and dropped 0.9% year-over-year.
Total private construction spending grew 0.2% from August and fell 4.6% year-over-year. Total public construction spending increased 1.5% from August and 6.6% year-over-year.
The full September construction spending report can be found here.
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