The Canadian PressJune 5, 2013 15:29
WASHINGTON - Spending on U.S. construction projects rose in April despite weakness in residential projects and government spending.
Construction spending rose 0.4 per cent in April, compared with March, when spending fell a revised 0.8 per cent, the Commerce Department reported Monday.
Construction activity has been volatile in recent months, falling by a record 4 per cent in January, but rising in February only to drop in March.
Construction spending stood at a seasonally adjusted annual rate of $860.8 billion in April, 4.3 per cent higher than a year ago.