Mumbai, May 2 -- Reflecting a decrease in spending on private construction, the Commerce Department released a report on Wednesday showing U.S. construction spending unexpectedly edged slightly lower in the month of March.
The report said construction spending dipped by 0.2 percent to an annual rate of $2.084 trillion in March.
Meanwhile, revised data showed construction spending came in unchanged in February compared to the previously reported 0.3 percent drop.
The Commerce Department said spending on private construction spending fell by 0.5 percent to an annual rate of $1.601 trillion in March.
Spending on residential construction slid by 0.7 percent to an annual rate of $884.3 billion, while spending on non-residential construction ...