One month doesn’t make a trend, but builders in the beleaguered U.S. construction sector will take any good news they can get, and in August they received some: an unexpected 0.4% increase in construction spending, led by government-funded projects.
Economists surveyed by Bloomberg had expected construction spending to fall 0.4% in August.
However, the gain was tempered somewhat by a revised 1.4%…
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Stimulus Lifts Construction Spending Unexpectedly in August originally appeared on DailyFinance on Fri, 01 Oct 2010 13:23:00.
Filed Under: Economy, Real Estate