U.S. Construction Spending Falls in January, Public Projects Drag Down Overall Spending: Analysis and Breakdown
WASHINGTON, March 1 (Reuters) – U.S. construction spending unexpectedly fell in January, as weak spending on public projects more than offset a moderate increase in private homebuilding. The Commerce Department said Friday that construction spending fell 0.2%. Data for December was revised upward to show an increase of 1.1%, instead of the 0.9% previously announced. … Read more