WASHINGTON — The U.S. Commerce Department announced that U.S. construction spending increased for the third straight month in June.
According to figures, overall U.S. construction spending grew by 0.4 percent in June to a seasonally adjusted annual rate of $842.1 billion. While the growth was slightly weaker than the 0.5 percent growth predicted by many economists, it comes atop revised figures that showed already strong growth in May and April, growing by even more than previously reported.