Construction Spending Edges Up in December

Washington, DC, Feb. 3, 2014 — Construction spending rose 0.1% in December to a seasonally adjusted annual rate $930.5 billion, according to the Commerce Department.

Economists had expected a 0.4% increase in December.

Private-construction spending rose 1% in December, with a 2.6% increase for residential projects and a 0.7% decline for nonresidential projects.

Public-construction spending fell 2.3% in December.


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