October 5, 2010
U.S. construction spending rose slightly in August
American construction spending rose in August as a big jump in government building projects offset further weakness in the private sector. The Commerce Department says construction spending edged up 0.4 per cent in August following a 1.4 per cent drop in July.
While spending on government projects rose 2.5 per cent, spending on private construction projects dropped to the lowest level in 12 years.
The weakness in construction activity has been a major drag on the overall economy.
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|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 308 projects with a total value of $8,663,009,110 that Reed Construction Data Building Reports reported on Thursday.
$200,000,000 Ottawa ON Negotiated
$200,000,000 Toronto ON Tenders
$60,000,000 Ottawa ON Prebid
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