FXstreet.com (Barcelona) - Construction spending rose by 0.3% in September, while compared to the same period one year ago the index declined by 0.8%, according to the latest report by U.S. Census Bureau.
August's data was downwardly revised, the index declined by 0.2% instead of the 0.2% rise initially posted. September's result was expected to post a 0.5% decline.
Private construction increased by 0.2% in September with residential construction posting a 1.4% increase and nonresidential construction rising by 1.5%. Spending on public construction rose by 1.9% in September with educational construction rising by 2.3% and highway construction increasing by 0.3%.