Spending on construction projects rose 0.3% to a seasonally adjusted annual rate of $966.7 billion in June as private construction decreased 0.1%, and public construction grew 1.0%, according to Commerce Department figures released yesterday.

The overall increase, which compares to the 0.5% decrease projected by Thomson Reuters, followed a revised May level of $963.2 billion, a 0.8% decrease from the prior month, originally reported as a 0.9% drop to $964.0 billion.

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