Construction Spending during October, 2006

Earlier today, the U.S. Census Bureau -- which is part of the U.S. Commerce Department -- released the Construction Spending report for October, 2006:

Predicted: 0.0%
Actual: -0.1%

The above percentages represent the month-to-month change in new public and private construction activity for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Overall construction spending is up by 0.5% when compared to the revised numbers from October, 2005.

Click here to view the full Census Bureau report.

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