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Construction spending decreases on U.S. government slump

Posted on 02 May 2013

Construction spending in the U.S. unexpectedly fell in March, reflecting the biggest slump in government projects in 11 years.
Outlays decreased 1.7 percent to a $856.7 billion annual rate, the least since August, the Commerce Department reported today in Washington. The median forecast of 46 economists surveyed by Bloomberg called for a 0.6 percent rise. Public projects dropped by 4.1 percent, the biggest decrease since March 2002………………………………………..Full Article: Source


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