Construction Spending Edges Up in May

Washington, DC, July 1, 2014 -- Construction spending edged up 0.1% in May, according to the Commerce Department.

Spending hit an annual rate of $956.1 billion. However, April's construction spending was revised up to show a 0.8% rise.

Economists had expected construction spending to rise 0.5%.

                                                                                                                                                                                                                                                                                                                                                                 
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