Construction Spending Fell Unexpectedly in May

Construction Spending Fell Unexpectedly in May

According to the Commerce Department, construction spending fell 0.3%, which was an unexpected change to the 0.4% rise predicted by economists polled by Reuters; however, investment in residential construction projects rose 0.2% aided by a 0.8% increase in single-family home construction…

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Reuters

https://www.reuters.com/article/usa-economy-construction/construction-spending-unexpectedly-falls-in-may-idUSL2N2OC2K1