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US Construction Spending Up 8.7% in September

1 min read

Construction spending in the United States during September rose to a seasonally adjusted annual rate of $1.99 billion, a 0.4% increase compared with August and an 8.7% rise compared with September 2022.

Private construction spending reached a seasonally adjusted annual rate of $1.55 billion in September, while the estimated seasonally adjusted annual rate of public construction spending was $440.6 billion, and educational construction was at a seasonally adjusted annual rate of $94.4 billion.

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