Spending on construction projects fell 1.1% to a seasonally adjusted annual rate of $1.140 trillion in December as private construction decreased 1.0%, and public construction slid 1.5%, according to Commerce Department figures released Friday.

The overall decrease, which was larger than the 0.5% decrease projected by IFR Markets, followed an unrevised November decrease of 0.4% to a level of $1.153 trillion.

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