Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
11/1/2012 10:20:00 AM Write a Letter to the Editor Write a letter to the Editor

Construction Spending Rises in September

Construction spending rose in September to the highest level in three years, the Commerce Department said Thursday.

The 0.6% rise brought outlays up to $851.6 billion, the most since October 2009 and followed a revised 0.1% decrease in July, that was smaller than previously estimated, Commerce said.

Economists had forecast a 0.7% increase, Bloomberg reported.

Private non-residential construction spending decreased 0.1%, while homebuilding outlays rose 2.8%.

Public construction dropped 0.8% from the prior month.

Construction spending can boost demand for trucking services because spending increases the number of shipments of goods and building materials.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement