CONSTRUCTION RALLIES AS INDUSTRY SPENDING INCREASES BY 1.4 PERCENT IN MARCH TO A SEASONALLY ADJUSTED ANNUAL RATE OF $769 BILLION

Construction Economist Cites Increases in Most Nonresidential Segments, Predicts Future Private Sector Increases, Cautions Public Sector Spending is Likely to Decline Construction spending bounced back from an 11-year low in March, increasing by 1.4 percent to a total seasonally adjusted annual rate of $769 billion, according to an analysis by the Associated General Contractors of America of new Census Bureau data released today. Association officials cautioned however that the industry remains

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