Construction spending tumbled 2.5 percent in December to a $788 billion seasonally adjusted annual rate, the lowest level in a decade, ÎÚÑ»´«Ã½ noted Tuesday in an analysis of new Census Bureau data.
All three major components – private residential, private nonresidential and public construction – shared in the decline.
Read the press release . The news was covered by the , and , among others.