You are here

US construction spending falls in January

nabmCONSTRUCTION-FILES.jpg
US construction spending unexpectedly fell in January as both private and public outlays fell, a government report showed on Monday.

[WASHINGTON] US construction spending unexpectedly fell in January as both private and public outlays fell, a government report showed on Monday.

Construction spending declined 1.1 per cent to an annual rate of US$971.4 billion, the Commerce Department. It was up 1.8 per cent compared to January last year.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes