After reporting a steep drop in U.S. construction spending in the previous month, the Commerce Department released a report on Wednesday showing that spending saw some further downside in the month of February

The report said construction spending edged down 0.1 percent to an annual rate of $967.2 billion in February after tumbling 1.7 percent to a revised $967.9 billion in January. The modest drop in spending came in line with economist estimates.

The material has been provided by InstaForex Company –