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U.S. Commerce Dept. Says April 2009 Construction Showed Slight Increase

The U.S. Census Bureau estimated construction spending during April at a seasonally adjusted annual rate of $968.7 billion, 0.8 percent above the revised March estimate of $961.3 billion. The April figure is 10.7 percent below the April 2008 estimate of $1,085.2 billion. During the first four months of this year, construction spending hit $286.3 billion, 11.3 percent below the $322.8 billion for the same period in 2008.

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