A post by @DeItaone on X.

US construction spending plunged 1.9% in September, sharply missing expectations for a 0.3% increase, with total spending falling to an annualized $2.186 trillion. Private construction led the decline with a 2.4% drop, while public construction slipped 0.1%. The miss was partially offset by a sharp upward revision to August's figure, which was revised to 2.0% growth from the previously reported 0.9%. The weak September print signals potential softening in construction activity, a key economic indicator tied to hiring, materials demand, and broader growth momentum. Markets will watch whether October data confirms a slowdown or whether the August revision suggests the September drop was a one-off payback after unusually strong activity.