Private nonresidential construction spending was virtually unchanged in August, falling just 0.1 percent, according to the Oct. 1 report by the U.S. Census Bureau. However, compared to August 2008, spending is down 10.5 percent. Total nonresidential construction spending, including both private and public, slipped 0.4 percent from July, and is down 4.7 percent from August 2008, to $684.5 billion. In addition, total nonresidential construction spending in June and July were revised downward, from $711 billion to $700 billion in June and from $703.8 billion to $687.6 billion in July. |