Development Spending Rises Barely in September | ABA Banking Journal

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Development spending rose 0.3% at a seasonally adjusted annual fee (SAAR) of $1,414 billion in September, in keeping with the Census Bureau. September’s determine is 1.5% above the September 2019 estimate of $1,393.3 billion.

Spending on personal development was at a seasonally adjusted annual fee of $1,074.9 billion, 0.9% above the revised August estimate of $1,065.6 billion. Personal residential development was at a seasonally adjusted annual fee of $610.9 billion, 2.8% above the revised August estimate of $594.3 billion. Personal nonresidential development was at a seasonally adjusted annual fee of $464.1 billion, 1.5 % beneath the revised August estimate of $ 471.3 billion.

In September, the estimated seasonally adjusted annual fee of public development spending was $ 339.1 billion, 1.7% beneath the revised August estimate of $344.8 billion.

Learn the Census release.