Construction Spending Ticks Up in May

The U.S. Census Bureau of the Department of Commerce announced that construction spending during May 2014 was estimated at a seasonally adjusted annual rate of $956.1 billion, 0.1 percent (±1.6 percent) above the revised April estimate of $955.1 billion. The May figure is 6.6 percent (±2.1 percent) above the May 2013 estimate of $896.6 billion.

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