U.S. Construction Spending Falls Sharpest Since Sep. 2001

Overall construction spending in U.S. fell 1% in October to $1.178 billion, the sharpest fall in more than five years (since September 2001), according to latest data from the Commerce Department. 
  • Private residential construction spending fell by 1.9% in October after dropping 1.4% in September. Spending on private residential construction projects has now fallen seven months in a row, the longest drop on record. 
  • Private construction spending dropped by a sharp 1.5% in October after falling by 1.1% in September. 
  • Public construction spending rose by 0.8% and spending on federal projects climbed by a hefty 11.6%.


Previous: « U.S. Manufacturing Activity Declined to Lowest Level in 42 months

Next : » IDC Projections on Microsoft Windows Vista Penetration at Home and Enterprise

  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES

Enter Email for Daily Feed Delivery: