India, Aug. 3 -- Construction spending in the U.S. unexpectedly edged modestly lower in the month of June, according to a report released by the Commerce Department on Monday.
The report said construction spending slipped by 0.1 percent to an annual rate of $2.167 trillion in June after coming in unchanged at a revised rate of $2.169 trillion in May.
The dip surprised economists, who had expected construction spending to rise by 0.3 percent compared to the 0.1 percent uptick originally reported for the previous month.
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