WASHINGTON — Construction spending climbed 0.3% to a seasonally adjusted estimated annual rate of $820.7 billion in April, the Commerce Department reported Friday.
The April rate rose from the revised March $818.1 billion, originally reported as $08.1 billion. The April figure was 6.8% above the April 2011 reading of $768.2 billion, and was the largest since it was $824.8 billion in December 2011.
Economists predicted a 0.4% rise.