The Commerce Department announced on Friday that construction spending were flat m-o-m in August after an unrevised 0.3 percent m-o-m advance in July.

Economists had forecast construction spending growing 0.3 percent m-o-m in August.

According to the report, spending on private construction edged down 0.1 percent m-o-m, while investment in public construction increased 0.5 percent m-o-m.

On a y-o-y basis, construction spending climbed 8.9 percent in August.