Mumbai, March 2 -- Long-delayed data released by the Commerce Department on Friday showed construction spending the U.S. saw a modest increase in December after dipping in November.
The Commerce Department said construction spending rose by 0.3 percent to an annual rate of $2.169 trillion in December after slipping by 0.2 percent to an annual rate of $2.163 trillion in November.
The increase in total construction spending in December came as growth in spending on private construction more than offset a decrease in spending on public construction.
The report said spending on private construction climbed by 0.5 percent to an annual rate of $1.647 trillion in December after edging down by 0.2 percent to an annual rate of $1.639 trillion in ...