☰

Empresas y finanzas

Construction spending falls for fourth straight month


    WASHINGTON (Reuters) - U.S. construction spending fell for a fourth straight month in February to the slowest rate in nearly 7-1/2 years as activity softened in every major sector from homebuilding to public construction projects.

    Overall construction spending fell 1.3 percent to a seasonally adjusted annual rate of $846.23 billion following a revised 1.4 percent decline in January that previously was reported as a 0.6 percent decrease, the U.S. Commerce Department said on Thursday.

    The February drop exceeded the 1 percent decline that economists surveyed by Reuters had forecast.

    (Reporting by Glenn Somerville; Editing by James Dalgleish)