logo
Plus   Neg
Share
Email

U.S. Construction Spending Jumps Much More Than Expected In October

Construction spending in the U.S. jumped by much more than anticipated in the month of October, the Commerce Department revealed in a report on Friday.

The report said construction spending surged up by 1.4 percent to an annual rate of $1.242 trillion in October after rising by 0.3 percent to a revised $1.225 trillion in September. Economists had expected spending to climb by 0.5 percent.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT