WASHINGTON — Construction spending climbed 0.1% to a seasonally adjusted estimated annual rate of $807.3 billion in March, the Commerce Department reported Tuesday.
The March rate rose from the downwardly revised February estimate of $807.3 billion, originally reported as $808.9 billion. The March figure was 6.0% above the March 2011 estimate of $762.6 billion. Construction spending fell 1.4% in February.
Economists polled by Thomson Reuters predicted a 0.7% increase.