Outlays for construction projects rose 0.3% in March, the Commerce Department reported Monday
Outlays for construction projects rose 0.3% in March at a seasonally adjusted annual rate of $1.83 trillion, the Commerce Department reported Monday.Over the past year, construction spending has been an engine of growth for the economy, rising 3.8%.
Spending... Outlays for construction projects rose 0.3% in March at a seasonally adjusted annual rate of $1.83 trillion, the Commerce Department reported Monday.Over the past year, construction spending has been an engine of growth for the economy, rising 3.8%.Residential construction fell 0.2% in March, the 10th straight monthly decline.Public construction was up 0.2 after a 1.1% in February.
Stocks DJIA SPX opened mostly higher on Monday while the yield on the 10-year Treasury note TMUBMUSD10Y rose to 3.52%.
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