Posted December 2, 2014
Construction spending rose in October
Construction spending in October was 3.3 percent higher than in October 2013, according to the U.S. Census Bureau.
At a seasonally adjusted annual rate of $971.0 billion, October was1.1 percent above the revised September estimate of $960.3 billion.
Spending on private construction was at a seasonally adjusted annual rate of $692.4 billion, 0.6 percent above the revised September estimate of $688.0 billion. Public construction spending was $278.6 billion, 2.3 percent above the revised September estimate of $272.3 billion.