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Reports: US Construction Spending Rises; US Manufacturing Expansion Slows


Reports from private and government experts painted a mixed picture of the U.S. economy on Tuesday.

The Commerce Department says U.S. construction spending rose a more-than-expected 1.1 percent in December.

Total construction spending for last year rose nine percent to a record of nearly $1 trillion.

But a separate report from a business group showed the rate of growth in U.S. manufacturing slowed during January.

The Institute for Supply Management said its survey of factory sector activity dropped nine-tenths of a percent, to a reading of 56.4 for the month.

While the rate of expansion slowed down in January, it is still the 20th month in a row that manufacturing has shown growth.

Some information for this report provided by Bloomberg, AP, AFP and Reuters.

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