ABC: Nonresidential Construction Spending Increases

National nonresidential construction spending increased 0.3% in September, according to an Associated Builders and Contractors analysis by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.1 trillion.

Spending was down on a monthly basis in 9 of the 16 nonresidential subcategories. Private nonresidential spending increased 0.1%, while public nonresidential construction spending was up 0.5% in September.