Construction Spending: Slips Further in May

 01.07.2008 14:17   actionforex.com

Total construction spending fell 0.4% in May, which was less than the expected 0.6% decline. Spending for previous months were revised with March showing the largest revision from -0.6% to 1.4%. Residential spending fell 1.6% and non-residential rose 0.3%. Non-residential construction spending should help boost Q2 GDP.

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