U.S. construction spending rises to 6-1/2-year-high

July 1, 2015 2:26 PM

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Construction spending increased 0.8 percent to an annual rate of $1.04 trillion, the highest level since October 2008, the Commerce Department said on Wednesday.

April's outlays were revised slightly to show a 2.1 percent gain instead of the previously reported 2.2 percent rise.

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