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    Construction spending in the U.S. is down 0.1% in February | 01.04.2015


    The U.S. Commerce Department released construction spending data on Wednesday. Construction spending in the U.S. declined 0.1% in February, in line with expectations, after a 1.7% drop in January. It was the second consecutive decline.



    January's figure was revised down from a 1.1% decrease.



    A 0.8% decrease in public construction outlays weighed on construction spending.



    Spending on federal government projects rose 9%, but state and local government outlays dropped by 1.6%.



    Spending on private construction projects increased 0.2%, while spending on private residential construction spending declined 0.2%.



    Spending on single-family construction plunged 1.4%, while multi-family home building climbed 4.1%.

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