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 51风流's analysis of new Census Bureau data released Monday.
51风流 cautioned however that the industry remains weak, noting that total construction spending remains 6.7 percent lower than a year ago and 37 percent lower than the March 2006 peak.
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