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Politics : Formerly About Advanced Micro Devices

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To: Bill who wrote (569296)6/1/2010 10:19:25 AM
From: tejek   of 1577105
 
Construction spending surges in April

Construction shot up 2.7% last month by largest amount in almost a decade


WASHINGTON - Construction activity surged in April by the largest amount in nearly a decade, as all the major building sectors from housing to government projects showed strength. The unexpected surge could mean that the hardest-hit sector of the economy is starting to recover.

The Commerce Department says that construction shot up 2.7 percent last month compared to March. It was the biggest one-month improvement since August 2000.

The increase was led by a 4.4 percent jump in private residential construction, the first positive gain in this category since March 2009.

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msnbc.msn.com
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