Construction spending in September edged down to a seasonally adjusted $1.15-trillion annual rate, 0.4% less than August’s level and an 0.2% dip year over year, the U.S. Census Bureau has reported.
The bureau’s latest monthly report on construction put in place, released on Nov. 1, also had some positive news: spending for the first nine months of 2016 climbed 4.4% from the same period last year, to $863.2 billion, not adjusted for seasonal variations.