June Construction Spending Rises 0.1%

Construction spending increased 0.1% in June, the Commerce Department said Monday, and is 12.0% above the June 2014 level.

In May, construction spending rose 1.8%, first reported as a 0.8% increase.

Spending on private construction fell 0.5% in the month, while public construction gained1.6%.

Residential construction gained 0.4%.

Economists polled by Thomson Reuters predicted a 0.6% increase in construction spending.

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