U.S. construction spending unexpectedly falls in November

Source: RTT News
© Scanpix/FP
Construction spending in the world's largest economy surprisingly declined in November due to modest drops of private and public construction spending, the Commerce Department reported on Wednesday. The report showed an 0.3% decrease of construction spending, from October's $866.2 billion to $868.0 billion in November, while economists forecast rise of 0.6%.

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