Construction Spending Unexpectedly Falls in September

Construction Spending Unexpectedly Falls in September
A home under construction stands behind a "sold" sign in a new development in York County, S.C., on Feb. 29, 2020. Lucas Jackson/Reuters
Reuters
Updated:

WASHINGTON—U.S. construction spending unexpectedly fell in September amid declines in outlays on both private and public projects.

The Commerce Department said on Monday that construction spending dropped 0.5 percent after edging up 0.1 percent in August. Economists polled by Reuters had forecast construction spending gaining 0.4 percent.