Construction spending in the U.S. increased more than expected in the month of October, according to a report released by the Commerce Department on Monday.
The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.174 trillion in October after inching up by 0.1 percent to a rate of $2.165 trillion in September. Economists had expected construction spending to rise by 0.2 percent.
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