U.S. construction spending unexpectedly fell 0.3% in February, marking the second consecutive month of decline.
U.S. construction spending fell unexpectedly by 0.3% in February, marking the second consecutive month of decline. Economists had anticipated a 0.6% increase. Spending on public projects dropped by 1.2%, with educational construction decreasing by 1.8% and highway construction by 1.6%. Despite a rise in single-family home construction, overall private construction spending remained unchanged for the second month in a row.
April 01, 2024
17 Articles