Construction Spending in June a Mix
Tuesday, August 3, 2010
The Census Bureau's report on construction spending in June showed how uneven the industry's condition is. Total spending edged up 0.1 percent to a seasonally adjusted annual rate of $836 billion. (Seasonal adjustment takes into account variation due to normal weather or holidays. Annual rate allows ready comparison to full-year totals.) Despite the tiny gain for the month, the June total was 7.9 percent smaller than in June 2009.










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