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ECONOMY

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From Times Staff and Wire Reports

Construction Spending Up in ‘93: Rising an unexpected 2.6% in December, construction spending finished the year with a 7.9% gain, the Commerce Department said. Economists said they expect the advance--which most had predicted would be only 1.5% in December--to carry over into 1994. They noted that even the depressed office and industrial building sector appears to be rebounding. The Commerce Department reported that residential, non-residential and government spending on construction totaled a record $470.3 billion in 1993, up from $436 billion in 1992.

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