Construction Spending in U.S. Unexpectedly Increased in June
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Construction spending in the U.S. unexpectedly increased in June, boosted by gain in government programs that made up for declines in private residential and commercial projects.
The 0.1 percent increase in outlays followed a revised 1 percent drop in May that was larger than previously estimated, figures from the Commerce Department showed today in Washington. Spending by federal agencies rose to a record.