May 9, 2005: March Construction Spending Up 8 Percent Over Last Year
WASHINGTON - The U.S. Department of Commerce reported that March construction spending was up 0.5 percent over the February figure, but was up a solid 8 percent over March 2004.
Construction spending during March 2005 was estimated at a seasonally adjusted annual rate of $1.052 trillion, 0.5 percent above the revised February estimate of $1.047 trillion. The March figure is 8 percent above the March 2004 estimate of $973.9 billion.