U.S. construction spending dips unexpectedly

Investment in U.S. construction edged down in August by 0.1 percent, according to U.S. Commerce Department data. In a Reuters poll, economists had projected an increase by the same factor. On a year-over-year basis, construction spending for the month was down 0.2 percent. Investment in private construction projects fell by 0.2 percent, including a 1.5 percent drop in the single-family sector.