Construction Spending Rose 1.5% in December

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December saw a 1.5% increase in construction spending, its highest level in four months, according to the Commerce Department. The increase was well above the median estimate of 0.5%. "There are certainly bright spots for the construction outlook," said Michelle Meyer, a senior economist at Bank of America.

Source: AGC's SmartBrief e-newsletter for February 2 which included this Bloomberg News article.