Construction Spending Up 0.5%
Associated Press
WASHINGTON —
Construction spending rose 0.5% in October as increased activity in residential building offset a big drop in construction of shopping centers, the Commerce Department said today.
The department said the October increase followed a 0.4% September advance that had originally been reported as a much stronger 1.9% rise. The October gain was the biggest since a 1.1% jump in June and was 9.3% ahead of spending in October, 1984.
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