Business

US construction spending down 0.8 percent

By Martin Crutsinger
Published October 1, 2014 4:50pm ET
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US construction spending down 0.8 percent
In this photo made on Monday, Sept. 22, 2014, work continues at a construction site in Pittsburgh. The Commerce Department releases construction spending for August on Wednesday, Oct. 1, 2014. (AP Photo/Keith Srakocic) | Keith Srakocic

WASHINGTON (AP) — U.S. construction spending fell in August, the second decline in the past three months, with housing, non-residential and government projects all showing weakness.

Construction spending dropped a seasonally adjusted 0.8 percent after a 1.2 percent increase in July, the Commerce Department reported Wednesday. The July increase followed a 1.6 percent June decline.

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