Construction spending fell 0.1% in January, the U.S. Commerce Department reported Wednesday.
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Outlays for U.S. construction projects fell 0.1% in January to $1.826 trillion, the Commerce Department reported Wednesday.
Wall Street was expecting construction spending to rise 0.3%.
Spending in December rose a revised 0.7% to $1.828 trillion, down from the prior estimate of a 0.4% drop.
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