(Reuters) - Analysts polled by Reuters were expecting a 0.2 percent
gain in construction spending. The drop to a seasonally
adjusted annual rate of $1.18 trillion was the first decline in
overall construction spending since January, the Commerce
Department said.
Private nonresidential construction rose 0.3 percent to a
$347 billion annual rate, a record high.
Read more at Reuters.com Economic News
gain in construction spending. The drop to a seasonally
adjusted annual rate of $1.18 trillion was the first decline in
overall construction spending since January, the Commerce
Department said.
Private nonresidential construction rose 0.3 percent to a
$347 billion annual rate, a record high.
Read more at Reuters.com Economic News
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