U.S. construction spending continues to fall in June

Investment in U.S. building construction fell unexpectedly by 0.3 percent in June, according to U.S. Census Bureau data. May’s decline meanwhile was revised downward to 0.4 percent. In a Reuters poll, economists projected a 0.2 percent increase in spending. Investment in residential construction also fell by 0.3 percent, including a 1.2 percent drop in spending on single-family projects.