A report released by the Commerce Department on Wednesday showing construction spending in the U.S. increased by much more than expected in the month of October.
The Commerce Department said construction spending climbed by 0.5 percent to an annual rate of $2.175 trillion in October after falling by 0.6 percent to an annual rate of $2.164 trillion in September. Economists had expected construction spending to inch up by 0.1 percent.
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