Spending on construction projects rose 0.3% to a seasonally adjusted annual rate of $969.7 billion in March as private construction decreased 0.1% and public construction rose 1.1%, according to Commerce Department figures released yesterday.

The overall increase, which contrasted with the 1.5% decrease projected by Thomson Reuters, followed a revised February level of $967.1 billion, a 1.0% decline from the prior month originally reported as a 0.9% drop to $967.5 billion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.