Why it matters
Construction affects building firms, workers and suppliers, and can signal changes in demand across the economy. The report does not establish whether the monthly decline will continue.
ECONOMY • UNITED STATES
U.S. construction spending fell 1.9% in September
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BLUF
Construction spending was estimated at $2.186 trillion in September, down 1.9% from August, according to the Census Bureau. Private residential spending also fell, with remodeling spending cited as a key factor by an industry group.
HOW THIS BRIEF WAS MADE 2 outlets: 1 official · 1 trade press. Automated sourcing and summaries by the BLUF engine. Corrections