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Updated:
6/1/2009 10:10:00 AM
Construction Spending Increases 0.8%
Construction spending rose in April by the largest amount since August, the Commerce Department said Monday.
The 0.8% increase followed a revised 0.4% increase in March.
Residential construction gained 0.6%. Non-residential construction increased 0.8%, and was up 2.5% compared with a year earlier.
Public construction fell 0.6%.
Construction spending can boost demand for trucking services because spending increases the number of shipments of goods and building materials.
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