The U.S. Commerce Department released construction spending data on Monday. Construction spending in the U.S. rose 0.1% in December, missing expectations for a 0.6% gain, after a 0.6% decrease in November. November's figure was revised down from a 0.4% fall.
The increase was mainly driven by a rise in public spending, which climbed 1.9% in December.
Private construction was down 0.6% in December.
Spending on private residential construction climbed 0.9% in December, while spending on private non-residential construction projects slid 2.1%.
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