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September Spending on Construction Snaps Back

Tue, November 01, 2022 11:31 AM | Anonymous

The U.S. Census Bureau announced that the value of total construction spending during September 2022 was estimated at a seasonally adjusted annual rate of $1,811.1 billion, 0.2 percent above the upward revised August estimate of $1,807.0 billion. The September figure is 10.9 percent above the September 2021 estimate of $1,632.9 billion. Nonresidential spending trended upwards, but surprisingly overall public sector was down slightly from the revised August levels. During the first nine months of this year, construction spending amounted to $1,353.7 billion, 11.4 percent (not adjusted for inflation) above the $1,215.6 billion for the same period in 2021.  READ MORE HERE

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