WASHINGTON - Overall construction spending in July unexpectedly posted the first decline in half a year, dragged down by the sharpest decline in home building since January, the Commerce Department said today.
Construction spending fell 0.4 pct in July to 1.17 trln usd, the lowest level since April and the first drop since January. Economists polled by Thomson's IFR Markets had expected overall construction spending to rise 0.1 pct in the month. Full Story - Synergen Consulting International
Construction spending fell 0.4 pct in July to 1.17 trln usd, the lowest level since April and the first drop since January. Economists polled by Thomson's IFR Markets had expected overall construction spending to rise 0.1 pct in the month. Full Story - Synergen Consulting International
