Construction spending in the U.S. rose by more than expected in the month of October, according to a report released by the Commerce Department on Friday, although the report also showed a downward revision to the increase in construction spending in September.
The Commerce Department said construction spending climbed by 0.6 percent to an annual rate of $2.027 trillion in October after rising by 0.2 percent to a revised rate of $2.015 trillion in September.
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