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Updated:
8/3/2009 10:30:00 AM
Construction Spending Increases 0.3%
Construction spending rose 0.3% in June, the Commerce Department said Monday.
The increase followed a revised 0.8% drop in May.
Residential construction gained 0.5%. Non-residential construction increased 0.1%, led by a 0.9% increase in government spending.
Public construction gained 1%.
Construction spending can boost demand for trucking services because spending increases the number of shipments of goods and building materials.
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