US construction spending up

US construction spending during November was estimated at a seasonally adjusted annual rate of $1,182.1 billion, 0.9% above the revised October estimate of $1,171.4 billion, the US Census Bureau said today.

The November figure is 4.1% above the November 2015 estimate of $1,135.5 billion.

During the first 11 months of this year, construction spending amounted to $1,070.9 billion, 4.4% above the $1,025.5 billion for the corresponding period in 2015