Construction spending fell 1.1% December, the Commerce Department said Friday.
The downturn was the biggest drop in more than a year and followed a 0.4% decline in November, the department said. Ìý Economists had forecast a 0.5% drop in spending, Bloomberg reported.
Private residential construction spending fell 2.8% following a 3% decline in November, Commerce said.
Public construction fell 1.5%, led by declines on highways, schools and transportation projects.
Construction spending can boost demand for trucking services because spending increases the number of shipments of goods and building materials.
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