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Construction spending posts fourth straight increase
CONSTRUCTION SPENDING
Anirban Basu
Published: June 8, 2009
For the fourth straight month, private nonresidential construction spending increased, rising 1.8 percent in April, according to the June 1 report by the U.S. Census Bureau. On a year-over-year basis, private nonresidential construction spending is up 2.0 percent. Overall, total nonresidential construction spending increased 0.8 percent on the month to $712.3 billion, up 2.5 percent from April 2008.

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