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U.S. construction spending falls for third month in October

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - U.S. construction spending fell for the third straight month in October as outlays on private projects declined, government data showed on Monday.The Commerce Department said construction spending decreased 0.1 percent to $1.31 trillion.September's construction outlays were revised to show spending down 0.1 percent rather than being unchanged, as previously reported. Economists polled by Reuters had forecast construction spending rising 0.4 percent in October. Construction spending increased 4.9 percent on a year-on-year basis.In October, investment in private ...

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First Published: Mon, December 03 2018. 21:17 IST