U.S. construction spending falls 0.7% in January
U.S. construction spending falls 0.7% in January (by Ruth Mantell)
WASHINGTON (MarketWatch) -- Construction spending fell 0.7% in January, the Commerce Department reported Tuesday. Economists surveyed by MarketWatch had expected spending to fall 0.1%. Spending for December was revised to a decline of 1.6% from a prior estimate of a 2.5% drop.