The U.S. Census Bureau of the Department of Commerce announced
Tuesday thatconstruction spending during April 2013 was estimated at a
seasonally adjustedannual rate of $ 860.8 billion, 0.4 percent above
the revised Marchestimate of $ 857.7 billion. The index registered a
drop of 0.8% inthe the previous month. Analysts expected 0.8% growth.
The April figure is 4.3percent above the April 2012 estimate of $ 825.1
billion. During the firstfour months of this year, construction
spending amounted to $ 250.7 billion, 4.5percent above the $ 239.8
billion for the same period in 2012 .
Source by Commodity Insights
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