Construction spending during October 2013 was estimated at a seasonally adjusted rate of $908.4 billion, 0.8 percent above September’s estimate of $901.2 billion, according to the U.S. Census Bureau of the Department of Commerce.
Spending in October was also well above the October 2012 estimate of $863.1 billion by 5.3 percent. Construction spending over the first 10 months of 2013 ($747 billion) is up 5 percent overall above the same period in 2012.
The biggest gains in construction spending were in the public sector; spending by local, state and the federal government increased by 3.9 percent over September’s figures. Spending in the private sector decreased by a small margin of 0.5 percent.
For more information on construction spending data and statistics please visit the U.S. Census Bureau. November 2013 data will be released on January 2.
