Construction spending falls less than expected.

Posted on Author News Bitty 0
  • U.S. construction spending fell less than expected in April.
  • The Commerce Department said on Monday that construction spending dropped 2.9% in April vs. 6.5% expected.
  • The decline was the largest since January 2009.
  • Data for March was revised down to show construction outlays unchanged instead of increasing 0.9% as previously reported.