- U.S. construction spending rises slightly less than expected in May
Market news
1 July 2013
U.S. construction spending rises slightly less than expected in May
Construction spending in the U.S. rose by slightly less than expected in the month of May, according to a report released by the Commerce Department on Monday.
The report said construction spending rose 0.5 percent to an annual rate of $874.9 billion in May from the revised April estimate of $870.3 billion. Spending had been expected to rise by 0.6 percent.
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