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U.S. construction spending slows, factory growth readings mixed

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - U.S. construction spending fell for a third straight month, government data showed on Monday, while private-sector figures showed an uptick in manufacturing order growth but offered a mixed view on overall factory activity. The data comes as many investors are watching for signs the Federal Reserve's three-year tightening cycle could be coming to a close after an expected hike this month, which would be the fourth by the U.S. central bank this year. The Commerce Department said total construction spending fell 0.1 percent to $1.31 trillion in October, while economists ...

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First Published: Mon, December 03 2018. 23:12 IST
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