Spot­light on con­struc­tion

Daily Freeman (Kingston, NY) - - BUSINESS -

The Com­merce Depart­ment re­ports today its data on how con­struc­tion spend­ing fared in Oc­to­ber.

U.S. builders cut their spend­ing on con­struc­tion projects in Septem­ber for the sec­ond month in a row. Much of the de­crease came as govern­ment spend­ing for schools, sew­ers and trans­porta­tion projects tum­bled. Economists pre­dict that con­struc­tion spend­ing picked up in Oc­to­ber by a sea­son­ally ad­justed rate of 0.6 per­cent.

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