Construction Spending in U.S. Rose Less Than Forecast in March
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Construction spending in the U.S. grew less than forecast in March as state and local government agencies continued to pull back.
The 0.1 percent increase followed a 1.4 percent decline in February that was larger than previously estimated, the Commerce Department reported today in Washington. The median estimate of 47 economists surveyed by Bloomberg News called for a 0.5 percent increase.