The Commerce Department says construction spending slipped 0.3 per cent in November, after having climbed 1.2 per cent in October.
Much of the decline came from a 1.7 per cent retreat in government expenditures. Publicly-built school spending fell 2.5 per cent, while the transportation, health care and public safety sectors also fell.
Private construction spending rose a modest 0.3 per cent in November. Home-building climbed 1 per cent in November, offsetting the declines in the office, commercial and health care-related construction.
Total construction spending has jumped 2.4 per cent from a year ago to $974.9 billion.Suggest a correction