WASHINGTON (Reuters) – U.S. construction spending increased more than expected in October, likely reflecting , with activity elsewhere weak.The Commerce Department’s Census Bureau said on Wednesday that construction spending rose 0.5% after falling 0.6% in September. Economists polled by Reuters had forecast construction spending gaining 0.1% in October. Spending dropped 1.0% year-on-year in October. The data was delayed by the 43-day government shutdown. Spending on private construction projects increased 0.6% in October after declining 0.9% in September. Investment in  shot up 1.3% after slumping 1.4% in September. That was despite a 1.3% drop in spending on new single-family housing projects. Spending on multi-family housing units, which account for a small share of the , slipped 0.2%.

 

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