Construction Spending Better than Expected, But...
December 1, 2009
Headline Alert
Economic Update: October Construction Spending
The Commerce Department reported that Construction Spending in October was flat at $910.8 billion, which was actually above the consensus expectation for a decline of -0.5%
However, the September figures were revised down significantly. The Commerce Department now says September construction spending fell by 1.6 percent, its sharpest monthly fall since a 2.8 percent decline last January.
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