Construction Posts Slight Rise in July
<i> Associated Press</i>
WASHINGTON —
Construction spending posted a slight 0.4% gain in July, the first advance in four months, the government reported today.
The Commerce Department said residential, non-residential and government spending totaled a seasonally adjusted annual rate of $442.2 billion.
Construction spending had not risen since a 0.4% increase in March. It had fallen 0.9% in both May and June and 1.9% in April.
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