Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 85.05

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Nov 14 9:30 AM EST

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From: tejek	4/1/2009 10:12:55 AM
	of 1428

Construction spending falls for 5th straight month 2 minutes ago By MARTIN CRUTSINGER AP Economics Writer (AP:WASHINGTON) Construction spending fell for a fifth straight month in February as another big drop in home building offset a slight rebound in nonresidential construction. The Commerce Department says February construction activity dropped 0.9 percent, better than the 1.5 percent decline economists expected. Total construction has been falling since October. The level of activity is at the slowest pace in nearly five years. The weakness in February reflected a 4.3 percent drop in housing construction, which pushed the level down to the lowest in 11 years.

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