Construction spending rises more than expected in July

Advertisement

empire state building construction workers with ropes

Lewis Hine, The New York Public Library collections

Construction spending rose more than expected in July.

Advertisement

Spending ticked up 0.7% against expectations for a 0.6% increase.

June's number was also revised higher to show spending grew 0.7% against an initial reading for a 0.1% in spending.

More to come ...

NOW WATCH: This Swedish house was designed by 2 million people - and it is surprisingly attractive