01.04.2014 16:15:56

U.S. Construction Spending Rises In Line With Estimates In February

(RTTNews) - While the Commerce Department released a report on Tuesday showing an uptick in U.S. construction spending in the month of February, revised data showed a drop in spending in the previous month.

The report said construction spending inched up by 0.1 percent to a seasonally adjusted annual rate of $945.7 billion in February.

The modest increase matched economist estimates, but the revised data showed that spending fell 0.2 percent to a rate of $944.6 billion in January.