Highlights
While manufacturing remains sluggish, construction made a comeback. Construction spending rebounded 0.6 percent in September, following a decline of 0.1 percent the prior month (originally down 0.6 percent). Market expectations were for a 0.6 percent gain.

The boost in September was led by a 2.8 percent increase in private residential outlays after a 1.2 percent fall the month before. For the current month, private nonresidential spending slipped 0.1 percent while public outlays decreased 0.8 percent.

On a year-ago basis, overall construction was up 7.8 percent in September, compared to 7.6 percent the month before.

The construction sector continues to improve but largely in housing.

Market Consensus before announcement
Construction spending declined 0.6 percent in August, following a 0.4 percent drop in July. The decrease in August was led by a 1.7 percent decline in private nonresidential outlays after a 0.5 percent dip the month before. Also, public outlays fell 0.8 percent, following a 0.5 percent decrease in July. On the positive side, private residential spending rebounded a notable 0.9 percent, following a 0.1 percent slip in July.

2012 Released Schedule

Released On: 12/30 1/28 2/26 3/29 4/27 5/28 6/28 7/28 8/31 9/27 10/28 11/29 Release For: Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct