Construction spending in October was $872.1 billion, 1.4 percent above the revised September estimate of $860.4 billion, according to the U.S. Census Bureau. The October figure is 9.6 percent above the October 2011 estimate of $795.7 billion.
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During the first 10 months of this year, construction spending was $707.4 billion, 9.3 percent above the $646.9 billion figure for the same period in 2011.
Spending on private construction was $592.1 billion, 1.6 percent above the revised September estimate of $582.7 billion. Residential construction was $294.2 billion in October, 3 percent above the revised September estimate of $285.7 billion. Nonresidential construction was $297.9 billion, 0.3 percent above the revised September estimate of $297 billion.
In October, public construction spending was $280.1 billion, 0.8 percent above the revised September estimate of $277.7 billion. Educational construction was $69.3 billion, 0.9 percent above the revised September estimate of $68.6 billion. Highway construction was $76.7 billion, 2.4 percent below the revised September estimate of $78.6 billion.
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