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02.11.2015 15:39 Construction spending in the U.S. is up 0.6% in September

The U.S. Commerce Department released construction spending data on Monday. Construction spending in the U.S. rose 0.6% in September, exceeding expectations for a 0.5% gain, after a 0.7% increase in August.

 

The increase was mainly driven by a rise in private residential construction. Spending on private residential construction climbed 1.9% in September.

 

Spending on private non-residential construction projects decreased 0.1% in September, while public construction spending increased 0.7%.



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