ABC: Nonresidential Construction Spending Down 0.3% in October

Source: Associated Builders and Contractors  National nonresidential construction spending was down by 0.3% in October, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $898.4 billion for the month. Spending was down on a monthly basis in seven of the 16 nonresidential subcategories. Private nonresidential spending was down 0.8%, while public nonresidential construction spending was up 0.6% in October. READ FULL ARTICLE>>