RTRS: U.S. construction spending down slightly in Sept.
WASHINGTON, Nov 3 (Reuters) - U.S. construction spending fell a smaller-than-expected 0.3 percent in September as private home building fell along with public construction while private non-residential building was nudged slightly higher, a Commerce Department report showed on Monday.
Analysts polled by Reuters ahead of the report were expecting a 0.8 percent decrease in construction spending in September from the unchanged figure in August that was revised to a 0.3 percent increase.
Private residential construction fell 1.3 percent and public construction fell by the same margin, the sharpest fall in more than six months. Overall private construction rose 0.1 percent led by a 1.2 percent increase in nonresidential building.
Spending on construction in September was $1.060 trillion. (Reporting by Patrick Rucker)