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Oct.
22, 2013, 10:06 a.m. EDT
22, 2013, 10:06 a.m. EDT
WASHINGTON
(MarketWatch) – Outlays for U.S. construction projects rose 0.6% in August, the Commerce Department reported Tuesday.
(MarketWatch) – Outlays for U.S. construction projects rose 0.6% in August, the Commerce Department reported Tuesday.
Economists
polled by MarketWatch had expected a 0.5% increase. Spending in July was
revised to a 1.4% gain from the initial estimate of a 0.6% rise. In August,
spending on residential construction rose 1.2% while nonresidential
construction increased 0.1%. The data are already a bit outdated. Anecdotal
reports about September construction activity have already been released. The
Federal Reserve’s most recent survey of economist conditions released last week
found residential construction continued to increase at a “moderate
pace” in September while business construction expanded at a relatively
slower rate.
polled by MarketWatch had expected a 0.5% increase. Spending in July was
revised to a 1.4% gain from the initial estimate of a 0.6% rise. In August,
spending on residential construction rose 1.2% while nonresidential
construction increased 0.1%. The data are already a bit outdated. Anecdotal
reports about September construction activity have already been released. The
Federal Reserve’s most recent survey of economist conditions released last week
found residential construction continued to increase at a “moderate
pace” in September while business construction expanded at a relatively
slower rate.
Reprographics 101 
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