Economic Buzz: US construction spending down 1.9% in September

Construction spending in the United States came in at $2.18 trillion in September, declining 1.9% from August's revised estimate of $2.22 trillion, the US Census Bureau announced on Monday. The reading decreased 2.7% from the same month a year ago.

During the first nine months of the year, construction spending was $1.64 trillion, down 2.9% compared to the same period of the prior year when it stood at $1.69 trillion.

Private construction spending decreased 2.4% month-over-month to $1.63 trillion, and public construction spending stood at $546 billion, down 0.1% from August.

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