Construction Spending Shows Small Gain in March
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U.S. construction spending rebounded slightly in March, following a downwardly revised February figure, according to the latest report from the U.S. Census Bureau
- March spending was up 0.2% versus February. Spending fell in February by 2.1%.
- Year-to-date spending was off 12.3% versus 2009.
- Public spending led the March gain with a 2.3% increase. Public construction outlays declined 1.6% in February.
- Private spending continued weak. Residential spending declined 1.1% following a 3.4% decrease in February.
Viewed within the economy as a whole, construction spending remains on a downtrend, while manufacturing is advancing.
Read the U.S. Census Bureau news release.
For complete historical construction spending data see www.census.gov