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Stimulus lifts construction spending unexpectedly in August

Post Time:Oct 01,2010Classify:Industry NewsView:124

One month doesn't make a trend, but builders in the beleaguered U.S. construction sector will take any good news they can get, and in August they received some: an unexpected 0.4% increase in construction spending, led by government-funded projects.

Economists surveyed by Bloomberg had expected construction spending to fall 0.4% in August.

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Source: http://www.glassmagazine.com/news-item/commercial/stimulus-lifts-construction-spending-unexpectedly-august-106859Author:

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